FPIs lap up power, financial services stocks in April; IT, FMCG see biggest outflows

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.

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.

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 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, 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 , 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.

Source: Stocks-Markets-Economic Times