Consumer services nets most FPI inflow
After Consumer services, automobiles, capital goods and services were among the sectors that witnessed additional inflows in the second half of the month. Foreign investors bought shares worth ₹3,003 crore in the second half of the month, after dumping shares worth ₹2,067 crore in the automobiles sector in January.
Mumbai: bought shares worth ₹16,944 crore between February 16 and 29, after buying ₹3,041 crore in the first half of the month, as per data from NSDL. witnessed the highest by foreign funds at ₹4,497 crore, after receiving ₹3,041 crore in the first 15 days of February.After Consumer services, automobiles, and services were among the sectors that witnessed additional inflows in the second half of the month. Foreign investors bought shares worth ₹3,003 crore in the second half of the month, after dumping shares worth ₹2,067 crore in the sector in January. Capital goods sector continued to receive foreign funds worth ₹2,985 crore after receiving ₹921 crore in the first 15 days of February. The sector had received foreign funds worth over ₹40,000 crore in 2023.
Foreign investors demonstrated renewed buying interest in the power and metal sectors worth ₹1,404 crore and ₹391 crore after being sellers worth ₹2,895 crore and ₹1,067 crore in the first half of the month.
Overseas investors sold shares worth ₹10,486 crore across 10 sectors in the second half of February.
Oil & gas sector saw outflows worth ₹4,578 crore between February 16 and 29, after inflows worth ₹3,467 crore in January. Foreign investors continued to offload shares worth ₹2,441 crore and ₹1,461 crore in the and respectively. Financial services witnessed outflows worth over ₹30,000 crore in January.
Overseas investors divested shares in the IT sector worth ₹1,043 crore after they infused funds worth ₹3,240 in the first half of the month.
Source: Stocks-Markets-Economic Times
