New Delhi, July 16 -- Retail investors made a strong comeback to Indian equities in the June quarter, reversing two consecutive quarters of net selling, as valuations turned attractive following sustained foreign fund outflows amid the West Asia conflict.

Following a Rs.12,000 crore sell-off in February, retail investors went on a buying spree over the next four months. However, this revival appears to be short-lived: individual investors turned sellers again in July, stepping back just as foreign portfolio investors (FPIs) ramped up their purchases and domestic institutions held steady.

Retail investors bought equities worth a net Rs.39,287 crore during the three months ended June, according to the National Stock Exchange (NSE) data. T...