FPIs Pour Into Financial, Oil And Gas Stocks In June

Financial services stocks received the largest share of inflows from foreign portfolio investors in June. The sector accounted for 61% of total FPI flows during the month, marking the fourth consecutive month of net buying, according to data available on National Securities Depositories Ltd.

The flows came as Indian benchmark indices extended their gains. The Sensex rose 2.7% and the Nifty advanced 3.1% in June, both recording their fourth straight monthly increase. FPIs remained net buyers of Indian equities for a second straight month, bringing in a total of $1.71 billion.

Oil, gas and consumable fuels stocks followed, receiving the highest monthly FPI inflow in more than six years. FPIs invested $716 million in the sector in June, the highest monthly figure since March 2019, according to data compiled by NDTV Profit via NSDL.

The automobile and auto components sector ranked next, with $553 million in inflows—the highest monthly level since July 2024, NSDL data showed. Telecommunications, chemicals and consumer services followed, receiving $320 million, $278 million and $158 million respectively, according to NSDL data.

On the other hand, the power sector witnessed the highest equity outflows from FPIs in June. Investors pulled out $735 million, the largest monthly outflow since October 2023.

Fast-moving consumer goods followed with $463 million in net withdrawals, ahead of consumer durables and capital goods, which saw outflows of $290 million and $215 million respectively.

While stock-level FPI inflow data was not available on NSDL, several listed companies saw notable FPI activity through bulk and block deals in June.

June 3

• Yes Bank: Carlyle Group’s CA Basque Investments sold 41 crore shares (1.3%) at Rs 21.68 apiece.

• Ola Electric Mobility: Hyundai Motor and Kia Corp sold over 13 crore shares combined. Citigroup bought 8.61 crore shares (1.95%).

• Zinka Logistics Solutions: Quickroutes and Peak XV sold shares. Abu Dhabi Investment and Nomura India Stock Mother Fund were key buyers.

• Aptus Value Housing Finance: Westbridge sold 6.19 crore shares (12.39%). Morgan Stanley Asia Singapore and East Bridge Capital were among buyers.

• Bombay Dyeing: Baymanco bought 56 lakh shares.

June 4

• Choice International: Societe Generale bought 11 lakh shares (0.49%) from BNP Paribas.

• Tata Technologies: TPG Rise Climate sold 85.16 lakh shares (2.09%).

• Indegene: CA Dawn Investments sold 2.44 crore shares (2.74%). East Bridge Capital and Societe Generale were among buyers.

June 6

• ZF Commercial: Wabco Asia sold 6 lakh shares (3.16%). Franklin Templeton was among key buyers.

June 10

• Premier Energies: South Asia Growth Fund II sold 2.5 crore shares (5.5%).

June 11

• Aditya Birla Capital: Jomei Investments sold 2.34 crore shares (0.89%). Mirae Asset MF and Goldman Sachs Funds were among buyers.

• Eternal: Marshall Wace sold 60.93 lakh shares. Societe Generale bought the same.

• Marksans Pharma: Orbimed Asia sold 1.02 crore shares (2.26%). Unifi Capital, Unifi Blend Fund 2 and Societe Generale were among buyers.

June 12

• Eternal: Another 60.93 lakh shares changed hands between Marshall Wace and Societe Generale.

• Shankara Building Product: WTcNam Common Trust Funds Trust bought 1.36 lakh shares (0.56%).

June 13

• Jubilant FoodWorks: Morgan Stanley Asia Singapore was among buyers.

June 19

• Ethos: Goldman Sachs Funds – India Equity Portfolio sold 1.77 lakh shares (0.72%) at Rs 2,700.67 apiece.

June 20

• Sai Life Sciences: TPG Asia VII SF PTE sold 2.08 crore shares (10%) at Rs 722 apiece.

June 25

• Star Health and Allied Insurance: WF Asian Smaller Companies Fund Ltd sold 166.85 lakh shares (2.85%) at Rs 420.03 apiece.

June 26

One Mobikwik Systems:

• NET 1 Applied Technologies Netherlands B.V. sold 62.15 lakh shares (8%) at Rs 230.16 apiece.

• Pelican Portfolio Services sold 8.02 lakh shares (1.46%) at Rs 260.16 apiece.

• Musigma Securities sold 4.89 lakh shares (1.28%) at Rs 261.6 apiece.

• Citigroup Global Markets Mauritius bought 11.37 lakh shares (1.46%).

• Societe Generale bought 9.39 lakh shares (1.2%) at Rs 230 apiece.

June 30

• One Mobikwik Systems: Citigroup Global Markets Mauritius sold 4.43 lakh shares (0.57%) at Rs 246.23 apiece.