New Delhi, Nov. 11 -- Foreign investors are returning to Indian equity markets as global funds shift away from the artificial intelligence infrastructure trade in markets such as the US, Japan, South Korea and Taiwan, while India's relatively attractive valuations and falling crude oil prices are improving its investment appeal, banking and market expert Ajay Bagga said.

According to NSDL data, foreign investors have pumped over Rs 53,000 crore into Indian equities in November so far, following two consecutive months of selling.

In an interview with ANI on Wednesday, Bagga said it was too early to conclude whether the recent buying would turn into a sustained trend, but identified the reversal in the global AI trade as one of the major ...