Overview
- In June, foreign institutional investors were net sellers of about $3 billion while domestic institutional investors bought roughly $9 billion, supporting the market.
- FPIs remained net sellers for the month overall, offloading equities worth about Rs 29,170 crore and extending a four‑month selling streak.
- A late‑June reversal was almost entirely driven by financials, with FPIs buying roughly Rs 14,634 crore in banking and financial stocks in the second half of the month.
- Metals and mining, power, and oil and gas saw the biggest FPI outflows in late June, while early July data shows FPIs returned as modest net buyers of about Rs 2,985 crore so far.
- Over the past year FIIs have funneled money into primary issuances but withdrawn heavily from secondary markets, reflecting a longer shift in ownership that leaves flows sensitive to monsoon progress, the Q1FY27 earnings cycle, and crude and US‑Iran developments.