Nearly 83% of foreign portfolio investor (FPI) flows in the first fortnight of December were concentrated in three sectors – financial services, IT, and real estate. Overseas investors poured ₹7,424 crore into financial services, ₹6,754 crore into IT, and ₹4,689 crore into real estate stocks in this period.
These investors sold ₹5,337 crore worth of oil and gas stocks, ₹1,823 crore in auto stocks, and ₹1,655 crore in FMCG shares. On a net basis, FPIs were net buyers to the tune of ₹22,766 crore in the first half of December.
After witnessing outflows in November, the telecom and services sectors saw renewed interest, with inflows of ₹627 crore and ₹553 crore, respectively, between December 1 and 15.
For the calendar year, oil and gas has been the top sector for FPI outflows, with cumulative sales of ₹50,851 crore in 2024. Financials bore the brunt of the selling pressure, with total withdrawals nearing ₹54,000 crore.
