Foreign Investors Sustain Buying Momentum in Indian Equities Through May
FPIs inject Rs 18,446 crore into equities in the first half of May, with financials, capital goods, and oil & gas leading inflows as benchmark indices post gains.
Overview
- Foreign portfolio investors (FPIs) invested Rs 18,446 crore into Indian equities between May 1 and May 15, continuing the buying trend from late April.
- Financial services stocks saw the largest inflows of Rs 4,728 crore, followed by capital goods at Rs 2,233 crore and oil & gas at Rs 2,130 crore.
- Defensive sectors such as FMCG and realty witnessed significant outflows, with Rs 1,057 crore and Rs 842 crore sold, respectively, during the same period.
- Benchmark indices Nifty and Sensex have gained nearly 2% so far in May, marking their second consecutive month of positive performance.
- Analysts attribute the inflows to expectations of credit growth, easing inflation, and favorable domestic economic conditions, despite global uncertainties.