Foreign portfolio investors in the first two weeks of May have bought the shares of financial services, capital goods and oil and gas stocks the most. This comes at a time when the benchmark indices have continued to be in the green for the second consecutive month.
Foreign investors bought finance stocks worth $552 million, followed by capital goods stocks worth $261 million. Between April 16 and April 30, the FPIs bought financial stocks worth $2,694 million; this is the highest buying for the sector this year. Similarly, capital goods worth $346 were bought in the last two weeks of April, the highest this year.
Oil and gas stocks ($249 million), services shares ($206 million) and automobiles ($188 million) shares were the other sectors where FPIs bought big.
Consumer services and telecom also saw inflows of more than $231 million and $121 million. Between May 1 and May 15, total FPI inflow into Indian equities was $1,504 million.
Meanwhile, fast-moving consumer goods and realty bore the brunt of the FPIs selling, with an outflow of $124 million and $98 million, respectively. Power ($84 million), consumer durables ($73 million) and healthcare ($71 million) were the other sectors where FPIs sold shares.
However, through this calendar year, FPIs have bought shares of telecommunications the most, with an inflow of $1,958 million. Followed by financial services with an inflow of $711 million and chemicals with $348 million.
Information technology has been under stress throughout the year with outflows worth $3,370 million. FMCG saw an outflow of $1,844 million, and automobiles and auto components saw an outflow of $1,640 million so far this year.
In total, so far this year, FPIs have been sellers of Indian equities with a total outflow of $11,356 million.
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