After four months of selling frenzy, overseas investors turned net buyers in February and pumped in a staggering ₹15,862 crore into the Indian capital markets, enthused by clarity on FPI taxation.

Going ahead, the outcome of the US Federal Reserve meeting on March 15-16, and sustainability of recovery in Indian corporate earnings will be key factors in deciding the course of Foreign Portfolio Investors’ (FPIs) flows in Indian debt and equity markets.

According to depository data, FPIs infused a net sum of ₹9,902 crore in equities last month and another ₹5,960 crore in the debt segment, translating into a total inflow of ₹15,862 crore.