{
  "id": 423357,
  "title": "FPIs turn buyers in IT stocks for first time in 2026, invest Rs 3,358 crore in July",
  "url": "https://urgent.news/2026/08/10/fpis-turn-buyers-in-it-stocks-for-first-time-in-2026-invest-rs-3-358",
  "topic": "health",
  "section": "Health & Medicine",
  "published": "2026-08-10T00:04:28.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/fpis-turn-buyers-in-it-stocks-for-first-time-in-2026-invest-rs-3358-crore-in-july/articleshow/133076951.cms"
  },
  "original_language": "en",
  "account": "Mumbai: Overseas investors made their first net purchases in India's struggling information technology sector in July, injecting ₹3,358 crore into the market, according to NSDL data. The inflow marked a shift from previous months of net selling, which had occurred since February, as noted by Pankaj Pandey, head of fundamental research at ICICI Direct. The data also revealed that consumer durables saw a large outflow of ₹4,958 crore from foreign portfolio investors, while healthcare attracted ₹3,654 crore. Despite the mixed signals, Raj Gaikar, a research analyst at Samco Securities, commented that domestic demand was the primary driver behind recent market trends, with these sectors seeing consistent inflows for three consecutive fortnights. However, Vikas Gupta, CEO at OmniScience Capital, suggested that the recent buying spree in IT stocks might simply be a tactical trade, as financial services showed clearer growth potential.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Malaysia's July palm oil stocks rose 3.32pct - MPOB",
        "url": "https://urgent.news/2026/08/10/malaysias-july-palm-oil-stocks-rose-3-32pct-mpob",
        "published": "2026-08-10T05:27:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}