Mumbai: Overseas investors were buyers of Indian equities worth ₹17,932 crore across 15 sectors between April 1 and 15, as per National Securities Depository Ltd (NSDL) data.
Power sector received the highest inflow from foreign investors, who bought shares worth ₹5,143 crore after buying ₹45 crore in March. In 2023, the sector witnessed inflows worth ₹2,477 crore. With the government expected to boost the country’s power capabilities as part of its ambition to make India into a manufacturing hub, the focus is on the companies that will benefit from the revival of the sector.
Foreign portfolio investors continued to pump money into the financial shares with the sector receiving ₹3,212 crore inflows in the first half of the month. The sector received inflows of over ₹52,000 crore last year.
Consumer services, automobiles and telecommunications also received foreign inflows worth over ₹1,500 crore each in the first 15 days of April. Overseas investors bought shares worth ₹1,228 crore in the capital goods sector, after infusing funds worth ₹3,789 crore in March. The sector had previously received strong inflows worth over ₹40,000 crore last year.
Foreign investors offloaded shares worth ₹12,525 crore across eight sectors in the first half of April. IT witnessed the highest selling by foreign investors at ₹4,658 crore after they sold shares worth ₹1,659 crore in the sector in March. The sector saw foreign outflows worth over ₹7,000 crore in 2023.
Fast moving consumer goods witnessed a shift in sentiment from foreign investors as they turned net sellers in the sectors worth ₹4,351 crore after buying shares worth ₹6,241 crore in March. Consumer durable and oil & gas sectors also saw foreign selling worth ₹1,624 crore and ₹923 crore, respectively.
