Foreign Institutional Investors (FIIs, also referred to as FPIs) showed mixed activity in the Indian market during this period, with net inflows in May and June turning to significant outflows from July onward. Total net FII equity investments were positive early on but turned negative overall, driven by global factors like US tariffs, inflation concerns, and sector-specific shifts. Data is primarily month-wise, as sector breakdowns are reported that way. We have compiled sector-wise net investments (buys positive, sells negative) based on available reports. Amounts are in ₹ crore unless noted otherwise; conversions from USD use approximate rates (~₹83-84/$).
Note: September data is limited (as of Sep 2, 2025), showing continued outflows but no detailed sector breakdown yet. Aggregates exclude debt; focus is on equities.
May 2025: Net Inflow (~₹21,445 to ₹36,299 Cr Total, Per Sources)
FIIs were net buyers, focusing on growth sectors amid post-election optimism. Top buys:
| Sector | Net Investment (₹ Cr) |
|---|---|
| Telecom | +8,089 |
| Financial Services | +4,028 to +4,728 (first half) |
| Capital Goods | +2,233 (first half) |
| Oil, Gas & Consumable Fuels | +2,130 (first half) |
| Services | +1,762 (first half) |
| Automobile & Auto Components | +1,610 (first half) |
No major sells reported for May.
June 2025: Net Inflow (~₹8,710 Cr Total)
Continued buying in cyclical and defensive sectors, though with some sells in utilities and consumer goods. Amounts in USD converted to ≈₹ Cr.
| Sector | Net Investment (₹ Cr approx.) |
|---|---|
| BFSI (Banking, Financial Services & Insurance) | +8,700 ($1,042M) |
| Oil & Gas | +6,000 ($716M) |
| Automobiles | +4,600 ($553M) |
| Telecom | +2,700 ($320M) |
| Chemicals | +2,300 ($278M) |
Top sells:
- Power: -6,100 ($735M)
- FMCG: -3,900 ($463M)
- Consumer Durables: -2,400 ($290M)
- Capital Goods: -1,800 ($215M)
- Pharma: -400 ($47M)
July 2025: Net Outflow (~₹35,000 Cr Total, Or $4.17B)
Heavy selling amid global risk-off, with IT leading due to declining ownership (from 10.3% to 7.4%) .
| Sector | Net Investment (₹ Cr) |
|---|---|
| IT | -19,901 |
| Financials | -5,900 |
| Realty | -3,933 |
| Auto | -3,584 |
| Oil & Gas | -3,272 |
| Consumer Durables | -2,614 |
| Construction | -1,354 |
No major buys reported.
August 2025: Net Outflow (~₹47,000 Cr Total)
Continued heavy selling, with ~₹31,889 Cr out in the first half alone across 8 sectors. Full-month sector data incomplete, but trends suggest persistence in financials, IT, and energy.
First half sells:
| Sector | Net Investment (₹ Cr) |
|---|---|
| Financial Services | -13,471 |
| IT | -6,380 |
| Oil, Gas & Consumable Fuels | -4,091 |
| Power | -2,358 |
| Healthcare | -2,095 |
| Realty, FMCG, Consumer Durables | Each > -1,000 (exact not specified) |
No buys highlighted; overall caution due to tariffs and GDP data .
September 2025 (As Of Sep 2): Net Outflow (Amount Unspecified, But Ongoing)
No sector-wise data available yet, but market reports indicate continued FII selling amid value buying in broader indices and strong GDP figures (Doubtful GDP Figures, We Do Not Endorse The Same) . Total outflows persist from August trends.
Key Trends Across The Period
(a) Positive Focus (May-June): FIIs favored BFSI/Financials, Telecom, Oil & Gas, Autos, and Chemicals for growth potential.
(b) Negative Shift (July-Sep): Heavy exits from IT, Financials, Oil & Gas, Realty, Auto, Power, and Healthcare, reflecting risk aversion.
(c) Overall: Net outflows dominate the later period, with DIIs countering to stabilise markets .