Oil & gas, construction and IT head FPI sell list; realty gets most inflows

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Overseas investors were sellers to the tune of ₹12,519 crore across 11 sectors between June 1 and 15, as per data from National Securities Depository Ltd (NSDL). FPIs shifted money from Oil & gas, construction, information technology and metals & mining.

Oil & gas sector witnessed the largest selling by foreign investors worth ₹3,683 crore in the first fortnight of June, after seeing selling worth ₹5,554 crore in May. In 2023, the sector saw outflows worth over ₹22,000 crore.

Oil & gas, construction and IT head FPI sell list; realty gets most inflowsETMarkets.com

Foreign portfolio investors offloaded shares worth ₹2,660 crore in the construction sector, while IT and metals & mining too witnessed outflows worth ₹2,559 crore and ₹1,861 crore, respectively. In May, foreign investors dumped shares in construction, information technology and metals sectors worth ₹2,686 crore, ₹5,802 crore and ₹953 crore, respectively.The capital goods sector witnessed profit booking by foreign investors worth ₹137 crore in the first 15 days of June, after receiving inflows worth over ₹6,000 crore in May. Last year, the sector received robust inflows worth ₹43,936 crore.

Overseas investors infused funds worth ₹9,455 crore across 12 sectors between June 1 and 15.

The realty sector received the highest foreign inflows worth about ₹1,815 crore, over buying worth ₹1,347 crore in May. Telecommunications and consumer services also continued to see foreign inflows worth ₹1,736 crore and ₹1,607 crore, respectively.

Financial services and construction materials sectors saw a shift in sentiment from foreign investors as they turned net buyers worth about ₹1,184 crore, ₹1,008 crore and as much as ₹302 crore in the first half of June.

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