Mumbai: Foreign portfolio investors (FPIs) are expected to continue to pump in funds in the Indian equities market, as upbeat sentiment like weak global gold and oil prices and the upcoming quarterly results season makes it attractive.

"The FIIs will be watching the quarterly results closely. Plus the money flow is expected to continue as the Indian economy remains attractive," Sanjeev Zarbade, vice president- private client group research, Kotak Securities told.

However, the FPIs had become net sellers in the equities market this week due to negative global cues such as slow growth in Europe and Chinese economy and Reserve Bank of India's (RBI) decision to maintain key interest rates in its bi-monthly monetary policy.

The foreign institutional investors (FIIs) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Securities and Exchange Board of India (SEBI) to create a new investor category called FPIs.

FPIs massively sold stocks worth 653.95 crore or $105.29 million, according to data with the National Securities Depository Limited (NSDL).

For the week ended Sep 26, the FPIs had sold stocks worth 2,487.02 crore and had only bought shares worth $75.40 million or 458.34 crore.

Davendra Nevgi, chief executive, ZyFin Advisors who told that due to weak global cues markets will watch developments like price drops in gold and oil keenly, this in turn will make the Indian markets more attractive.

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