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Foreign Investors Pour ₹14,634 Cr into Indian Financials
7 Jul
Summary
- Foreign investors bought Indian financials worth over ₹14,634 crore in late June.
- This marked the highest purchase in financials during the second half of June.
- Overseas investors became net buyers of Indian equities, reversing earlier outflows.
Foreign investors significantly increased their holdings in Indian financial services during the second half of June, injecting over ₹14,634 crore into the sector. This marked the highest fortnightly purchase in financials since February and a notable reversal from earlier outflows.
This renewed appetite saw overseas investors become net buyers of Indian equities for the period of June 16-30. This shift followed substantial net sales earlier in the month, with global equity index rebalancing and value-driven purchases cited as key factors.
Financial stocks, which constitute a large portion of India's market, have previously seen significant foreign outflows. However, easing geopolitical tensions and attractive valuations have drawn investors back, with financials and infrastructure sectors expected to remain favored for their growth potential.
