New Delhi, June 29 -- Foreign portfolio investors (FPIs) are on course to become net buyers in Indian stock markets for the third straight month in June.

In January, February, and March, they have been net sellers all through. Since April, they turned net buyers in Indian equities.

Latest data made available by National Securities Depository Limited (NSDL) showed that FPIs had bought stocks worth Rs 8,915 crore in June so far. In April and May, the FPIs had accumulated stocks worth Rs 4,223 crore and Rs 19,860 crore, respectively.

FPIs had fueled the latest bull run in the stock market, after a sharp slump.

As per definition, Foreign Portfolio Investment involves an investor buying foreign financial assets.

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