Mumbai: Overseas investors bought Indian equities worth ₹36,918 crore across 15 sectors in the second-half of September, according to data from NSDL. Financial services received the highest inflows at ₹14,947 crore in the second-half of the month after over ₹12,000 crore bought during the first-half of the month.
From January to August, overseas investors pulled ₹64,932 crore out of the shares in the sector.
Velayudhan said that the non-banking financial company theme was gaining momentum in September due to anticipation of an interest rate cut.
Sharma said that given the rise in crude oil prices, oil & gas could also see a dent in foreign flows.
Fast moving consumer goods (FMCG) and healthcare continued to receive strong foreign inflows worth ₹3,528 crore and ₹2,987 crore, respectively, in the last 15 days of September.
These investors had allocated ₹1,372 crore to FMCG in the first-half of the month while investing ₹3,652 crore in healthcare.
In the second-half of September, foreign investors bought shares worth over ₹2,000 crore in realty, capital goods and services sectors.
“The metals & mining sector has seen foreign inflows because of the China stimulus since China is the largest consumer of metals globally,” said Sharma.
Foreign investors offloaded shares worth ₹2,312 crore and ₹1,267 crore in oil & gas and information technology (IT) sectors in the last 15 days of September.
Reference Link: https://economictimes.indiatimes.com/small-biz/sme-sector/call-for-entries-apply-now-for-the-et-msme-awards-2024/articleshow/114110387.cms