FPIs pick out FMCG from trough, telecom & financials

In the period between March 1 and 15, overseas investors were buyers to the tune of ₹44,974 crore across 15 sectors, as per data from the National Securities Depository ().

Apart from FMCG, foreign investors were buyers in the telecommunication and .

Agencies

The telecommunication and financial services sectors saw a shift in sentiment from foreign investors, as they turned net buyers worth ₹6,648 crore in the former and ₹5,365 crore in the latter after selling ₹3,933 crore and ₹9,977 crore in February in that order.

Services, consumer services, and realty sectors continued to witness inflows worth over ₹4,000 crore. Foreign investors bought shares worth ₹3,697 crore in the automobile sector while capital goods received foreign inflows worth ₹2,838 crore in the first half of the month. In 2023, the two sectors received robust inflows worth ₹29,389 crore and ₹43,936 crore respectively.

Overseas investors sold shares worth ₹4,266 crore in the first half of March across 8 sectors, where healthcare observed the highest outflows.

Foreign investors offloaded shares worth ₹1,577 in the healthcare sector after purchases worth ₹5,199 crore in February, followed by oil & gas and information technology sectors which witnessed outflows worth over ₹1,000 crore. The IT sector had received inflows worth ₹2,197 crore in February after overseas investors sold shares worth ₹7,066 crore in calendar 2023.