New Delhi: Foreign investors have continued their selling spree in the Indian equity market, offloading shares worth Rs 36,082 crore across 19 sectors in the first 15 days of January, as per National Securities Depository Limited (NSDL) data, The Economic Times reported.
The financial services sector has borne the brunt of this selling, with foreign investors dumping shares worth Rs 12,204 crore between January 1 and 15.
This trend is a continuation of the foreign selling seen in 2024, when overseas investors pulled out over Rs 58,000 crore from the financial services sector.
According to experts, the sector’s significant weight in the index and its liquidity make it a prime target for foreign selling.
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Other sectors that witnessed significant foreign outflows in the first 15 days of January include consumer services (Rs 3,507 crore), capital goods (Rs 2,620 crore), and power (Rs 3,115 crore). These outflows come after foreign investors had purchased similar amounts in these sectors in December, the report added.
Moreover, the impact of Foreign Portfolio Investors’ (FPIs) persistent selling is clearly visible in the market’s performance. The benchmark indices, Nifty 50 and Sensex, have slipped around 2.5% each so far in January. The broader markets have borne the brunt even more, with the Nifty Midcap 100 and Nifty Smallcap 100 indices witnessing corrections of up to 7% in the same period, Mint reported.
