FII money trail: Where did overseas investors put money in second half of August after $3 billion inflow?
Foreign portfolio investors poured over $3.2 billion into Indian equities in August, marking their strongest monthly inflow since September 2024. Consumer Services led buying, followed by Financial Services and Healthcare, while Telecom and Power continued facing significant FPI outflows.
Foreign investors poured $3.2 billion into Indian equities in August, marking the highest monthly inflow since September 2024, despite benchmark indices falling more than 1%. SBI Securities attributes the sustained interest to changing consumer spending patterns, with sectors like Consumer Services, Financial Services, and Healthcare attracting significant inflows.
Consumer Services led with Rs 5,019 crore, followed by Financial Services with over Rs 4,000 crore, and Healthcare with Rs 3,021 crore. The inflows suggest that selling pressure has eased, with investors gradually rebuilding their exposure. However, the Telecom sector continues to face selling pressure due to heavy investments in 5G infrastructure and spectrum renewals.
Brief written by urgent.news from The Economic Times - Top News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
