FPIs favor IT, Realty, Financials in December; Oil & Gas faces heavy selling
Live MintForeign Portfolio Investors emerged as net buyers in the Indian stock market during December 2024, following two consecutive months of heavy selling. According to data from the National Securities Depository Ltd, total FPI inflows into the Indian market across asset classes — including debt, hybrid instruments, debt-VRR, and equities — amounted to ₹25,938 crore in December. Below is an overview of the sectors that saw the highest FPI inflows and outflows in December 2024: Sectors FPIs bought the most IT sector was the biggest beneficiary of FPI inflows in December as overseas investors bought sector shares worth ₹9,050 crore. Sectors FPIs sold the most The Oil, Gas, and Consumable Fuels sector experienced the highest FPI outflows in December 2024, with net selling amounting to ₹10,826 crore, according to data from the NSDL. This was followed by the Automobile and Auto Components sector, which saw FPI outflows of ₹4,371 crore, and the Fast-Moving Consumer Goods sector, which recorded net selling worth ₹2,789 crore.