FPIs Lap Up Financials, Capital Goods in May

Between May 1 and 15, inflows into Indian equities stood at ₹18,446.39 crore

- ANANYA GROVER

FOREIGN PORTFOLIO INVESTORS (FPIs) primarily purchased shares of financials capital goods companies in the first fortnight of May, at a time when benchmark indices continued to be in the green for a second consecutive month.

So far in May, both the Nifty and Sensex have gained nearly 2%. According to data from NSDL, stocks in the financial sector saw an inflow of ₹4,728 crore by foreign investors, followed by capital goods, which saw FPI inflows of ₹2,233 crore.

The oil & gas sector witnessed ₹2,130 crore worth foreign equity inflow during the period under review. Auto, consumer services, services, and telecom also saw inflows of more than ₹1,000 crore.