A man walks near a screen outside the Bombay Stock Exchange (BSE) in Mumbai

A man walks near a screen outside the Bombay Stock Exchange (BSE) in Mumbai, India, August 28, 2025. REUTERS/Francis Mascarenhas/File Photo

MUMBAI, July 8 (Reuters Breakingviews) – Cheaper oil ​and a search ​for shelter from AI exuberance ⁠are luring foreigners ​back after a record $48 ​bln of outflows over 18 months. But bargains are ​scarce: local mom-and-pop ​investors kept adding some $3.5 bln ‌a ⁠month, putting a stronger than expected floor under valuations.

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Editing by Antony Currie; Production by Ujjaini Dutta

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Shritama Bose, India columnist, joined Breakingviews in November 2022. She covers the financial sector and related topics from Mumbai. She was earlier a reporter at Financial Express, a top business daily newspaper, tracking the Reserve Bank of India, lenders and fintech companies. She has a bachelor’s degree in English Literature and a postgraduate diploma in journalism.