New Delhi, Oct. 13 -- After withdrawing billions from the Indian stock market, overseas investors have moderated their selling, turning into net buyers in recent sessions and supporting frontline indices to remain above key levels.

Having been net sellers for three consecutive months through September, foreign portfolio investors (FPIs) slowed their selling in October and, over the last four trading sessions, turned into net buyers, infusing a cumulative Rs.3,289 crore into local equities, according to the exchange data.

Although the net inflows are significantly lower than the sharp sell-off seen in previous months, analysts have highlighted this shift in their stance.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investme...