Global funds buy nearly $900 million of Indian shares after eight-week selling streak ends

Foreign investors turned net buyers of Indian equities last week, snapping an eight-week selling streak with purchases of nearly $900 million. The shift followed easing West Asia tensions and a pullback in oil prices. Overseas investors are still net sellers this year, with outflows exceeding $29 billion. India has also moved to attract foreign capital, including scrapping taxes on certain debt investments and easing ownership restrictions.