Financials, capital goods, telecom top FII picks in second half of April

markets

Foreign institutional investors (FIIs) infused over Rs 38,000 crore into Indian equities during the second half of April, with financial services commanding the lion’s share of over 60 percent. The sector attracted Rs 22,910 crore, making it the top investment choice.

Capital goods followed as the second most preferred sector, receiving Rs 2,944 crore after witnessing net outflows of Rs 3,019 crore in the first half of the month.

Telecommunications came in third, with sustained interest resulting in investments exceeding Rs 2,500 crore, up from Rs 2,137 crore in the first half.

Oil and gas stocks saw inflows of Rs 2,401 crore, followed closely by FMCG stocks at Rs 2,330 crore.

FIIs also returned to consumer, chemicals, services, and consumer durables sectors, reversing their earlier positions. The consumer and chemicals segments saw investments of Rs 1,983 crore and Rs 1,184 crore, respectively, while services and consumer durables attracted Rs 983 crore and Rs 965 crore.

Conversely, FIIs continued to pare down their holdings in IT, auto, metal & mining, construction, and real estate sectors. The IT sector faced persistent pressure, with Rs 1,385 crore in outflows during the second half, following a massive Rs 13,828 crore sell-off in the first half.

Auto stocks saw net selling of Rs 645 crore, while metal and mining segments witnessed outflows of Rs 645 crore and Rs 574 crore, respectively. Construction and real estate stocks recorded selling of Rs 425 crore and Rs 353 crore, respectively.