&w=3840&q=100)
FPIs lap up finance capital goods stocks in the first half of May
Foreign Portfolio Investors (FPIs) bought the shares of financial services, capital goods, and oil and gas stocks the most in the first two weeks of May. Foreign investors bought finance stocks worth ₹4,728 crore, followed by capital goods stocks worth ₹2,233 crore. Oil and gas stocks (₹2,130 crore), services (₹1,762 crore) and automobiles (₹1,610 crore) were the other sectors where FPIs bought big.
"The double-digit credit growth is aiding the buying interest in banking stocks. There is no other Nifty sector posting double-digit growth in key business parameters. Capital goods stocks were beaten down, and that explains the buying in the sector,' said Chokkalingam G, founder of Equinomics.
Meanwhile, FMCG ( ₹1,057 crore) and realty (₹842 crore) bore the brunt of the FPIs selling in the first two weeks of this month. Power (₹720 crore), consumer durables ( ₹622 crore) and healthcare (₹606 crore) were the other sectors where FPIs sold shares.
Despite buying the sectoral allocation for financial services, it is down to 31.46 per cent as of March 15 from 31.8 per cent on April 30. However, financial services have the highest sectoral allocation.
Information Technology has the second highest sectoral allocation at 8.47 per cent from 8.17 per cent on April 30, followed by oil, gas & consumable fuels at 7.33 per cent from 7.31 per cent. FPIs were net buyers to ₹12,847 crore in the first half of May.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
an hour ago
- Hans India
Trade Setup June 10: Nifty breaks out of consolidation, eyeing 25,600
The Nifty index extended its winning streak for the fourth consecutive day, closing at an eight-month high amid strong market momentum. On the first trading day of the week, the Nifty opened with a sharp upside gap of 157 points, eventually settling above 25,100 levels to close the session at 25,103, marking a gain of 100 points. This is the highest closing level seen in 2025 so far. Market breadth was broadly positive, with 40 Nifty stocks closing in the green. Leading the charge were heavyweight stocks such as Jio Financial, Kotak Bank, and Bajaj Finance. The Nifty Bank index also reached new heights, surpassing the 57,000 mark for the second consecutive day, signaling robust investor interest in banking stocks. Midcap and Smallcap indices continued to outperform the benchmark, highlighting strong buying across broader market segments. The Nifty Smallcap index marked its sixth straight day of gains, reaching a fresh five-month high. The Nifty Midcap 100 Index rose by 1.13%, while the Nifty Smallcap 100 Index surged by 1.57%, reflecting investors' appetite for higher-risk, high-reward stocks. Sector-wise, all indices except Nifty Realty ended positive. Nifty PSU Banks, IT, and Oil & Gas sectors were the top performers, driven by strong demand. The Reserve Bank of India's recent decision to cut the repo rate by 50 basis points and the cash reserve ratio (CRR) by 100 basis points fueled gains in banks and NBFCs. Additionally, RBI's easing of gold loan norms triggered increased buying in gold financiers, with stocks rising between 4% and 8%. In the automobile sector, companies like Hero MotoCorp and Maruti Suzuki benefitted from the RBI rate cut announcement and registered notable gains. Tata Motors rose 1%, buoyed by an optimistic mid-term outlook. The company projects its commercial vehicle business to capture a 40% market share, with EBITDA margins in the teens and healthy free cash flow generation expected. On the downside, shares of food delivery players Swiggy Ltd. and Zomato's parent company Eternal Ltd. slipped 2-3% after reports surfaced about Rapido launching a food delivery pilot in Bengaluru later this month, potentially intensifying competition. Looking ahead, investors will focus on key economic data, including the US May Retail Inflation (CPI) report scheduled for Wednesday and India's CPI data due on Thursday. These indicators are expected to influence market sentiment in the near term. Expert Views: Market strategists remain optimistic about the Nifty's prospects. Siddhartha Khemka of Motilal Oswal highlighted that the market's gradual uptrend is supported by robust corporate earnings, RBI's liquidity measures, a favorable monsoon forecast, and potential progress in the US-India trade deal. Nagaraj Shetti from HDFC Securities noted, 'A sustained move above 25,200 could pave the way for a further rally toward 25,600.' Immediate support is seen at 24,900 levels. Rupak De of LKP Securities pointed out the index has decisively broken out from a consolidation phase, with strong support above the 50-day moving average. He added, 'A move above 25,350 may trigger further gains toward 25,700, while support lies at 24,850.' Corporate Updates to Watch: Capri Global has launched a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crore, including a ₹500 crore upsizing option. Tech Mahindra announced that Lakshmanan Chidambaram will retire as President of Tech Mahindra Americas, effective June 30, 2025. Oberoi Realty confirmed the resignation of Pankaj Gupta, Chief Executive Officer - Commercial Real Estate, effective June 9, 2025. Jana Small Finance Bank has applied to the Reserve Bank of India for approval to voluntarily transition from a Small Finance Bank to a Universal Bank. With these developments, the Indian markets are poised for further action, keeping investors engaged ahead of crucial global and domestic cues.
Economic Times
2 hours ago
- Economic Times
ET Market Watch: RBI's bold move sends markets soaring; Nifty breaks out
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Indian markets surged on Monday as bulls took charge across sectors. Headline Moves: Sensex jumped 256 points to close at 82,445. Nifty hit an 8-month high at 25,103 Bank Nifty scaled a record intraday high and crossed 57,000 for the first time ever! Why the Optimism? RBI surprised markets with a 50 bps repo rate cut Also slashed CRR by 100 bps to boost liquidity Add to that, strong US jobs data And progress in US-India trade talks—a perfect recipe for a rally Banks Lead the Charge Private banks were the stars: RBL Bank up 7% Bandhan Bank +6% Axis Bank, Bajaj Finance, Kotak Mahindra also posted solid gains Big Stock Movers: MCX soared 7% after getting approval to launch India's first electricity derivatives Hyundai Motor India hit a fresh lifetime high—₹1,986, crossing even its listing day peak Broader Market Buzz: Midcaps and Smallcaps outperformed: Nifty Midcap 100 rose 1.1% Nifty Smallcap 100 gained 1.6% Global Cues Positive Asian markets closed in the green Global stocks hit a record high Investors are now watching out for US inflation data due Wednesday—which could move the Fed's needle.
Time of India
2 hours ago
- Time of India
ET Market Watch: RBI's bold move sends markets soaring; Nifty breaks out
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Indian markets surged on Monday as bulls took charge across sectors. Headline Moves: Sensex jumped 256 points to close at 82,445. Nifty hit an 8-month high at 25,103 Bank Nifty scaled a record intraday high and crossed 57,000 for the first time ever! Why the Optimism? RBI surprised markets with a 50 bps repo rate cut Also slashed CRR by 100 bps to boost liquidity Add to that, strong US jobs data And progress in US-India trade talks—a perfect recipe for a rally Banks Lead the Charge Private banks were the stars: RBL Bank up 7% Bandhan Bank +6% Axis Bank, Bajaj Finance, Kotak Mahindra also posted solid gains Big Stock Movers: MCX soared 7% after getting approval to launch India's first electricity derivatives Hyundai Motor India hit a fresh lifetime high—₹1,986, crossing even its listing day peak Broader Market Buzz: Midcaps and Smallcaps outperformed: Nifty Midcap 100 rose 1.1% Nifty Smallcap 100 gained 1.6% Global Cues Positive Asian markets closed in the green Global stocks hit a record high Investors are now watching out for US inflation data due Wednesday—which could move the Fed's needle.
