FPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane
ADVERTISEMENT FPIs made a total outflow of Rs 17,741 crore last month, marking a shift after three consecutive months of inflows during April, May, and June, according to data released by NSDL.
May saw the highest FPI inflows so far in 2025, while January witnessed the largest sell-off, with net selling of Rs 78,027 crore worth of outflows.
"FPIs sold equity worth Rs 31,988 crores through the exchanges in July. This selling takes the total sale figure for 2025 to Rs 13,1876 crores. However, the FPI strategy of buying equity through the primary market also continued in July, with a monthly buying figure of Rs 14,247 crores," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.The total investment of FPIs through the primary market in 2025 till date reached Rs 36,235 crores. This is a steady trend reflecting the FPI preference for fair valuations, Vijayakumar added.
Last week, US President Donald Trump gave Russia a 10-12 day deadline to end the war in Ukraine, failing which could result in additional sanctions and secondary tariffs on countries that trade with Russia, pushing oil prices higher. This move has impacted market sentiments in the short-term, Vijayakumar said.
ADVERTISEMENT "The sharp appreciation in the dollar index to 100 is a headwind, which can impact FPI inflows in the near term. Market perception suggests that following the initial chaos, a deal will be reached between India and the U.S. after the next round of negotiations. A steady trend of FPI flows will emerge after the dust settles," Vijayakumar added.
"FPI selling in information technology (IT) stocks pushed down the IT index, and the uncertainty relating to pharmaceuticals impacted the pharma index, too, despite the good results from many companies in the sector," he added.
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
19 minutes ago
- Hans India
UP govt enhances ambit of old-age pension, vows to cater to over 67 lakh senior citizens
Lucknow: The Uttar Pradesh government has decided to enhance the ambit of old-age pension for the senior citizens and has now set a target of providing a monthly pension to more than 67 lakh elderly, in the current financial year 20025-26. The pledge comes after the UP government disbursed old-age pensions for 61 lakh poor senior citizens in the first quarter. In the first quarter of the previous financial year, the Yogi government had met its goal of crediting Rs 1,000 pension directly into the bank accounts of 56 lakh elderly beneficiaries. This year, the Social Welfare Department set a new target of 61 lakh pensioners, which it accomplished. Now, the state government has raised the bar and seeks to cater to 67.50 lakh elderly. The Old Age Pension Scheme is a cornerstone of the Yogi Adityanath government, aimed at making financially vulnerable senior citizens self-reliant and helping them handle financial hardships during later years of their life. Under the Old Age/Farmer Pension scheme, those old-aged people who are 60 years of age or above and whose income from all sources in rural areas is up to Rs 46,080 and in Urban areas Rs 56460, are eligible under the pension scheme. Under this scheme, people 60 years or above are given a pension amount of Rs 1000 per month on a quarterly basis. The reach of the Old Age Pension Scheme has grown steadily since 2018-19, when 40.71 lakh beneficiaries received Rs 1,879 crore. By 2019-20, the number rose to 47.99 lakh (Rs 2,698 crore), and in 2020-21 to 51.24 lakh (Rs 3,694 crore). The upward trend continued with 51.92 lakh (Rs 4,278 crore) in 2021-22, 54.97 lakh (Rs 6,083 crore) in 2022-23, and 55.68 lakh (Rs 6,464 crore) in 2023-24. In 2024-25, 55.99 lakh elderly beneficiaries received pensions. The achievement of this year's target within the first quarter highlights the government's priority towards ensuring both the financial security and self-respect of the elderly. It also reinforces the state government's commitment towards the welfare and dignity of senior citizens. The introduction of the Single Nodal Account (SNA) system has made the pension distribution process fully digital and transparent. Under this system, pension amounts are transferred directly to Aadhaar-linked accounts, eliminating middlemen and ensuring timely, corruption-free disbursement. The SNA system also facilitates faster payments, easier audits, and efficient fund tracking, guaranteeing that every rupee is used for the intended purpose. Since the scheme's launch in 2017, when it covered 37.47 lakh beneficiaries, the reach has nearly doubled, now targeting 67.50 lakh people.
Economic Times
19 minutes ago
- Economic Times
Centre approves two semiconductor units for Odisha
Chief Minister Mohan Charan Majhi on Tuesday said the Union Cabinet's approval for the establishment of two semiconductor units in Odisha will accelerate the state's growth in the CM expressed his gratitude to Prime Minister Narendra Modi and Union minister Ashwini Vaishnaw for the Centre's approval of the two semiconductor units in Odisha. Opposition BJD, which had announced the Odisha Semiconductor Manufacturing and Fabless Policy 2023, said: "While other states were only announcing semiconductor units in 2024, the decision by the Union Cabinet to approve two such units in Odisha today is truly commendable." BJD senior vice-president Debi Prasad Mishra at a press conference here, expressed confidence that the state government will take proactive steps to develop the required supporting ecosystem for these units within the stipulated in the day, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved four more semiconductor projects under India Semiconductor Mission (ISM), two of which will come to Odisha and one each for Punjab and Andhra Pradesh. After the Union Cabinet meeting, Vaishnaw said that a silicon carbide semiconductor plant will be set up in Bhubaneswar with an investment of Rs 2,066 crore by SiCsem. "Silicon carbide is a very robust material and can sustain at high temperatures. Silicon carbide is used in our missiles, satellites, telecom towers, rockets, railway engines, etc," Vaishnaw said. The minister said that the plant will have a capacity to produce 9.6 crore chips per Cabinet also approved US chip major Intel-backed 3D Glass semiconductor manufacturing unit in Odisha with an investment of Rs 1,943 crore. The plant will be set up by Heterogenous Integration Packaging Solutions Pvt Ltd with an annual production capacity of 5 crore units."I sincerely express my gratitude to Hon'ble Prime Minister Shri @narendramodi ji and Hon'ble Union Minister Shri @AshwiniVaishnaw ji for the Central Cabinet's approval of the establishment of two semiconductor manufacturing units in Odisha," Majhi said in a post on chief minister said the recent amendment of the Odisha Semiconductor Manufacturing and Fabless Policy, aimed at enhancing investment viability, competitiveness, and sustainability, together with this significant Cabinet approval, marks a major milestone in the state's industrial and technological advancement."This collaborative effort will accelerate innovation, generate employment, and strengthen Odisha's position as a vital contributor towards the vision of #AtmanirbharBharat. I look forward to continued partnership between the state and Central governments to further this strategic initiative for the comprehensive development of Odisha and the nation. #doubleengine," Majhi Private Limited is collaborating with Clas-SiC Wafer Fab Ltd, UK, to establish an integrated facility of Silicon Carbide (SiC) based Compound Semiconductors in Info Valley, Bhubaneshwar, project proposes to manufacture Silicon Carbide devices. This compound semiconductor fab will have an annual capacity of 60,000 wafers and packaging capacity of 96 million units. The proposed products will have applications in missiles, defence equipment, electric vehicles (EVs), railway, fast chargers, data centre racks, consumer appliances, and solar power inverters, an official statement said.3D Glass Solutions Inc (3DGS) will be setting up a vertically integrated advanced packaging and embedded glass substrate unit in Info Valley, Bhubaneshwar, Odisha. This unit will bring the world's most advanced packaging technology to India. Advanced packaging brings the next generation of efficiency to semiconductor industry, the statement facility will have a large variety of advanced technologies, including glass interposers with passives and silicon bridges, and 3D Heterogeneous Integration (3DHI) capacity of this unit will be approximately 69,600 glass panel substrates, 50 million assembled units, and 13,200 3DHI modules per annum. The proposed products will have significant applications in defence, high-performance computing, artificial intelligence, RF and automotive, photonics and co-packaged optics and leader Mishra said the process of setting up semiconductor units in Odisha was initiated under the leadership of former Chief Minister Naveen Patnaik during the BJD government. "The recent decision by the Union Cabinet to establish two semiconductor units in Odisha is rooted in the initiatives undertaken during the BJD regime," he said that investors interested in establishing a semiconductor industry in the state was cultivated during the 2nd edition of the Make in Odisha conclave held in December 2022, where several proposals were received. Accordingly, a dedicated policy for the semiconductor sector and its supporting ecosystem was formulated in 2023, he said. The BJD leader said that discussions were held with multiple international investors to attract investment in this sector, and efforts began to establish the necessary ecosystem to develop Odisha as a cutting-edge electronics manufacturing hub. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As 50% US tariff looms, 6 key steps that can safeguard Indian economy As big fat Indian wedding slims to budget, Manyavar loses lustre Why are mid-cap stocks fizzling out? It's not just about Trump tariffs. The airport lounge war has begun — and DreamFolks is losing Stock Radar: UNO Minda eyeing fresh 52-week high in next few weeks; check target and stop loss for long positions Buy, Sell or Hold: Antique recommends buy on Siemens; Avendus upgrades SBI to Buy post June quarter results Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Economic Times
19 minutes ago
- Economic Times
IndiQube Q1 profit surges 303%, revenue hits Rs 313 crore
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
