Financial services attracted the highest foreign buying during the period, followed by automobiles & auto components' stocks, consumer services, healthcare and information technology companies. In contrast, telecom, capital goods, power and realty witnessed the highest outflows.
Of the 24 sectors tracked, 14 got flows, while nine saw outflows.
"Although the Nifty has pulled back nearly 500 points from its recent highs due to rising bond yields, broader markets have demonstrated notable resilience, remaining largely flat. This performance signals a strategic shift among FIIs: rather than allocating capital to large-cap heavyweights, they appear to be favouring mid-cap names within key sectors," said Pankaj Pandey, head of fundamental research, ICICI Direct.
FPIs," said Vikas Gupta, CEO at OmniScience Capital. "IT seems more like a tactical trading bet given the huge uncertainty in terms of manpower, revenues and earnings predictably from a 5 year perspective."
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Gupta said that assuming that FPIs continue allocating to India, this is probably an initial positive trickle indicative of a turnaround phase in sentiment towards India and non-AI allocations.
Pandey said that FPI investments drove the Auto index to fresh all-time highs despite muted performance from major OEMs like Maruti and M&M, and positive inflows in IT hint that the worst of the downturn may be behind it.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
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