FPIs return to fin services, buy over Rs 9,000 cr in June

Overseas investors purchased nearly ₹9,200 crore of banking and financial services stocks in June after selling shares worth ₹8,583 crore in May. The sector, which accounts for more than a third of the Nifty 50 weighting, had received inflows worth ₹52,900 crore in 2023.

Foreign investors were buyers of Indian equities worth ₹34,027 across 17 sectors between June 16 and 30, National Securities Depository (NSDL) data showed.

Telecommunications and consumer services continued to see robust foreign inflows worth ₹6,208 crore and ₹3,097 crore, respectively, after receiving inflows worth more than ₹1,500 crore each in the first half of the month.

Foreign investors renewed buying in automobiles, information technology (IT), construction materials, oil & gas and consumer durables sectors. They bought shares worth ₹2,054 crore and ₹1,578 crore in automobiles and IT sectors, after selling shares worth ₹4,029 crore and ₹5,802 crore in May.


Construction materials, oil & gas and consumer durables sectors received inflows worth over ₹1,000 crore each, after witnessing selling in May.

The capital goods sector also witnessed a shift in sentiment, as it received inflows worth ₹2,929 crore in the second half of the month, after witnessing selling worth ₹137 crore in the first 15 days of June. Foreign investors infused funds worth ₹2,886 crore in the healthcare sector, after buying worth ₹413 crore in the first half of June.

Overseas investors were sellers to the tune of ₹4,398 crore across six sectors in the second half of the month. Power, metals and fast-moving consumer goods (FMCG) sector witnessed profit booking by foreign investors worth ₹2,439 crore, ₹1,128 crore and ₹677 crore, respectively.