New Delhi, April 28 -- After remaining net sellers during the first half of April, foreign portfolio investors (FPIs) shifted their stance towards the Indian stock market in the second half, remaining net buyers over the last eight consecutive trading sessions (April 15-25), pumping a cumulative Rs.32,465 crore into Indian equities.

This reversal in sentiment has helped India's frontline indices - both the Nifty 50 and the Sensex - stay higher and outperform their Asian and Western peers so far in April. Both indices are up over 11% from their April lows. The resumption of inflows has also led to a sharp recovery in broader markets, with the Nifty Midcap 100 index gaining 14% from its April 7 lows, while its peer, the Nifty Smallcap 100,...