Global investors cut their holdings in India's financial services sector during the second half of May, though at a slower pace than earlier in the month. They sold shares worth ₹5,181 crore in the period. FPIs stayed net sellers overall despite inflows into other areas.
FPIs reduced their equity positions in financial services companies between mid-May and the end of the month. The sales totalled ₹5,181 crore, down sharply from the first half of May. The metals sector attracted the bulk of new foreign money during the same period. It captured nearly 60 percent of total foreign investment flows. Data from the National Securities Depository showed the continued net outflows from Indian equities as a whole. The shift followed MSCI rebalancing activity earlier in the year.
