So far this year, FPIs have invested Rs 31,778 crore in equities while withdrawing Rs 4,723 crore from the debt market
They pumped Rs 4,429 cr in equity markets so far this month
Market experts attributed the inflows in last month to a positive update about an above-normal monsoon this year
However, FPIs are bullish on stock market as they put in Rs 1,495 cr during same period
FPIs hiked their stake most in Max Financial Services by 8.4% to 33.5%, followed by SKS Microfinance, The Ramco Cement, Apollo Tyres and PVR, the report says
In the previous month, FPIs had invested a staggering Rs 19,967 crore in capital markets
FPIs turned net buyers of equities in March after pulling out a massive Rs 41,661 cr from the market in the previous four months
Overseas investors buoyed by recent rate cut by RBI and hopes of a good monsoon
Market experts attributed the huge inflows to continued hopes that RBI would bring down the monetary policy rate at its first policy meet of 2016-17 on April 5
The regulator also allowed FPI to acquire bonds under default