Foreign Institutional Investors (FIls) have bought more than Rs 15,000 crore of Indian equities in the first two weeks of July, marking their strongest sustained buying streak this year and signalling a shift in sentiment after seven straight months of selling. The turnaround comes as global investors begin warming to India again, helped by easing crude oil prices, a recovering rupee and resilient domestic fundamentals. But while the mood has clearly improved, analysts caution that the inflows are driven more by portfolio rebalancing and selective stock picking than by a wholesale return of foreign money.