Biggest Fortnight FPI Buying Since April 2025; Capital Goods Tops While IT Sees Rs 10,956 Crore Outflow

Foreign portfolio investors (FPIs) invested Rs 33,487 crore across 15 sectors during February 1–15, marking the highest fortnightly purchases since the second half of April 2025. The latest flow pattern indicates a clear rotation away from services-heavy segments toward capital-intensive and domestic-economy-linked sectors.

Capital goods emerged as the biggest beneficiary, attracting Rs 8,032 crore in the first half of February, sharply higher than Rs 2,761 crore in January. A government stake sale worth Rs 4,470 crore supported allocations. The sector had earlier underperformed the broader market, and the absence of adverse policy developments encouraged reallocation. Despite the recent inflows, capital goods recorded a net outflow of Rs 2,581 crore in 2025 so far.

F​inancial service​s saw a sharp turnaround, drawing Rs 6,175 crore after witnessing selling of Rs 8,592 crore in January. Strong third-quarter earnings from banks and financial institutions revived investor interest, even as valuations remained relatively elevated. However, the sector continues to show a net outflow of Rs 14,903 crore in 2025.

Oil, gas and consumable fuels recorded buying of Rs 4,678 crore in the period under review, following selling of Rs 940 crore in January. The segment had earlier attracted Rs 8,431 crore in 2025. Metals and mining received Rs 3,279 crore compared with Rs 11,526 crore in January and Rs 4,661 crore in 2025 so far.

Power stocks witnessed inflows of Rs 3,272 crore after Rs 1,867 crore outflow in January. However, the sector had faced heavy selling of Rs 26,522 crore earlier in 2025, indicating that the recent buying may reflect selective accumulation.

On the other hand, broad selling continued in information technology. FPIs sold Rs 10,956 crore in the IT sector during February 1–15, accounting for the bulk of Rs 13,812 crore outflows across eight sectors. The sector has seen nearly Rs 74,698 crore selling in 2025 amid concerns over artificial-intelligence-led disruption in outsourcing models. The IT index has declined about 15 per cent this year compared with a 2.6 per cent fall in the benchmark index.

Consumption-oriented segments also remained under pressure. FMCG recorded Rs 1,182 crore outflow after Rs 7,497 crore selling in January and Rs 36,786 crore in 2025. Healthcare saw an outflow of Rs 1,051 crore following Rs 6,162 crore selling in January and Rs 24,967 crore in 2025.

Consumer durables witnessed Rs 434 crore selling compared with Rs 1,050 crore in January and Rs 21,369 crore in 2025. Telecommunication remained negative with Rs 106 crore outflow after Rs 4,777 crore selling in January, despite receiving Rs 48,222 crore inflow earlier in 2025.

Overall, the data highlights a decisive shift toward capital goods, financials, energy and infrastructure-linked sectors, while technology and consumption-oriented segments continue to face pressure.

Sector-wise FPI Flows (Rs Crore)

Disclaimer: The article is for informational purposes only and not investment advice.