Foreign Portfolio Investment (FPI) pumped a net ₹26,565 crore in Indian equities in June 2024, compared to a net outflow of ₹25,400 crore in May 2024.
The metals sector experienced a net outflow of ₹2,990 crore, followed by the construction sector with ₹2,720 crore, oil & gas with ₹2,640 crore, power with ₹2,610 crore, and FMCG with ₹920 crore, as per a research note from IDBI Capital.
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Conversely, several sectors witnessed net inflows. financial services led with ₹9,170 crore, media followed with ₹7,910 crore, and consumer services saw ₹4,700 crore. The materials sector had a net inflow of ₹4,040 crore, healthcare received ₹3,300 crore, capital goods ₹2,790 crore, and real estate ₹2,730 crore. The Auto sector experienced a net inflow of ₹1,740 crore, Diversified sectors ₹1,190 crore, IT ₹580 crore, and Consumer Durables ₹280 crore, the IDBI analysis showed.
For the year-to-date in CY24, the highest FPI inflows were observed in consumer Services, media, capital Goods, and real estate sectors, while the highest outflows were seen in financial services, FMCG, oil & gas, and construction sectors.
Since the start of the year, net inflows stand at ₹3,200 crore, compared to an inflow of ₹76,400 crore during the same period in 2023.
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