FPIs turn buyers in IT stocks for first time in 2026, invest Rs 3,358 crore in July
In July, overseas investors turned their attention to Indian IT stocks, marking the first instance of such purchases this year. The consumer durables and healthcare sectors also witnessed a surge in foreign portfolio investments. By mid-July, foreign investors emerged as net buyers in equities, expanding their investments in consumer services, automobiles, and chemicals, although they offloaded…
Foreign Portfolio Investors (FPIs) turned net buyers of Indian IT stocks for the first time in 2026, investing ₹3,358 crore in July. This marks a shift from previous months where FPIs were selling shares in sectors such as metals & mining, power, construction, financial services, telecom, and capital goods. FPIs also showed renewed interest in consumer durables and healthcare, with inflows of ₹4,958 crore and ₹3,654 crore respectively.
The Nifty 50 and Sensex gained nearly 2.1% each in July, while midcap and smallcap indices scaled fresh highs. However, selling in financial services suggests a possible tactical trade, as medium-term revenues and profits of IT companies remain uncertain.
Brief written by urgent.news from The Economic Times - Top News's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
