New Delhi, June 23 -- After remaining net sellers for twelve consecutive months, foreign institutional investors (FIIs) are ramping up purchases in Indian equities. In the last five trading sessions, FIIs have invested nearly $899 million in Indian stocks.

The shift in sentiment comes on the back of tax relief measures and supportive actions by the Reserve Bank of India and FTSE rejig, which have boosted investor confidence and encouraged greater participation in the equity market.

On 19 June, FIIs purchased equities worth Rs.31,442.87 crore and sold shares worth Rs.26,583.80 crore, leading to net inflows of Rs.4,859.07 crore. This marked their highest single-day net buying since February 3, when they had recorded provisional net purcha...