Telecom, services draw big FPI flows; IT faces selloff in late May
Telecommunications stocks received the highest inflow at ₹7,052 crore in the second-half of the month after Singapore's Singtel sold
Bharti Airtel shares
worth ₹12,880 crore in a bulk deal on May 16.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
'Swing is King': Mr. Hemant's Strategy Finally Explained in Free Session
TradeWise
Learn More
Undo
"Most of the foreign inflows in the telecom sector can be attributed to the deal," said UR Bhat, co-founder & director, Alphaniti. "The reduced competition with
Vodafone Idea
languishing, is also expected to benefit the other two players."
Agencies
In the second-half of the month, the fast moving consumer goods (FMCG) sector witnessed foreign inflows worth ₹1,872 crore after outflows worth ₹1,057 crore in the first-half of May.
"Investors have possibly realised that the earlier sell-off in services and FMCG sectors was probably not warranted, as there has since been a pickup in rural demand," said Bhat. "This led foreign investors to realign their portfolios.
Live Events
The information technology sector witnessed the highest outflows worth ₹2,725 crore, after inflows worth ₹289 crore in the first-half.
Divam Sharma, fund manager at Green Portfolio PMS, said that the business outlook for IT sector is impacted by geo-political realignment and the concerns in the US economy.
'There is a portfolio churn, and overseas investors are exiting sectors where valuations are expensive,' said Sharma. 'However, they are shying away from making aggressive bets as the uncertainty surrounding the US-China trade war continues to linger.'
Foreign investors offloaded shares worth Rs 2,008 crore in the healthcare sector in the last 15 days of the month and divested shares worth over Rs 1,500 crore in the power, consumer services and automobile sectors
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
3 minutes ago
- Indian Express
Tata Sons-backed Tata Capital Ltd files for IPO
Tata Sons-backed non-banking financial company (NBFC), Tata Capital Ltd, filed draft papers on Monday for an initial public offering (IPO). Tata Capital's IPO consists of a combination of fresh issuance and an offer for sale (OFS), amounting to approximately 47.58 crore equity shares. The company will be issuing up to 21 crore new shares and the existing shareholders are looking to offload up to 26.58 crore shares. Tata Sons Private Ltd, the promoter of the company, is planning to sell up to 23 crore shares in the IPO, while International Finance Corporation (IFC) has proposed to sell up to 3.58 crore shares. The issue size is estimated at around Rs 17,000 crore, as per Prime Database. The shares will be issued at a face value of Rs 10 per share. The company will use the proceeds from the fresh issue to augment its tier-1 capital base to meet its future capital requirement, including onward lending. Tata Capital is the third largest diversified NBFC in the country. The Reserve Bank of India has classified it as a systemically important NBFC, which requires stricter regulatory adherence. As per the RBI regulations, Tata Capital is required to be listed by the end of September. Tata Capital, the flagship financial services company of the Tata Group, is a subsidiary of Tata Sons Private Limited. It is primarily engaged in the lending business which comprises retail finance, SME finance and corporate finance. Tata Capital's consolidated book size increased to Rs 2,21,950.37 crore as at March 31, 2025 from Rs 1,57,760.55 crore as at March 31, 2024. During FY25, it recorded consolidated total income of Rs 28,369.87 crore as against Rs 18,198.38 crore in FY24, an increase of about 55.89 per cent. On a standalone basis, Tata Capital's recorded gross income of Rs 21,940.08 crore in FY2024-25, compared to Rs 13,309.11 crore in FY24. Profit after tax during the year was Rs 2,594.28 crore as against Rs 2,492.45 crore.
News18
3 minutes ago
- News18
"Unjustified, Unreasonable" India Hits Back As Trump Threatens To Raise Tariffs Over Russian Oil
Donald Trump announced a sharp increase in tariffs on Indian goods, citing New Delhi's continued import of Russian oil. The US President accused India of 'buying massive amounts of Russian oil and selling it on the open market for big profits." Trump had earlier imposed 25% tariff on India and an unspecified penalty for buying Russian crude oil and military equipment. India responded strongly to Trump's latest 'tariff" threat, saying that targeting New Delhi is 'unjustified and unreasonable" and highlighted how the US continues to import uranium hexafluoride from Russia for its nuclear industry. n18oc_world n18oc_crux
India Today
3 minutes ago
- India Today
India's hard-hitting response after Trump's fresh tariff threat: Key points
Hours after US President Donald Trump threatened to raise tariffs on India over its continued purchase of Russian oil amid the ongoing Ukraine conflict, the Indian government issued a strongly worded statement on Monday questioning Washington and the European Union for their duplicity in their stance. In the statement, the Ministry of External Affairs said that India's oil imports are guided by national interests and energy security considerations and rejected what it described as "unjustified and unreasonable" pressure from Western STATEMENT - KEY TAKEAWAYS The statement issued by the Ministry of External Affairs (MEA) explained that India began buying discounted Russian oil after the Ukraine conflict disrupted global energy flows. As traditional suppliers shifted their focus to meet Europe's demand, India turned to Russia to secure its energy needs. The ministry highlighted that at the time the US in fact had 'encouraged such imports', viewing them as a means to 'strengthening global energy markets stability'. MEA also pointed out that the countries criticising India are themselves engaged in trade with Russia. However, unlike India, where such trade is a critical national necessity, their dealings lack the same justification and are 'not even a vital national compulsion'. The ministry's statement went on to explain that India's energy imports from Russia are essential to ensuring affordable and predictable fuel prices for Indian consumers. They are a necessity compelled by the global market situation. Highlighting the disparity in global trade practices, the ministry pointed out that the European Union maintained significant economic ties with Russia. In 2024, EU-Russia bilateral trade in goods reached Euro 67.5 billion, while trade in services was estimated at Euro 17.2 billion in 2023, underscoring the ongoing commercial engagement despite public criticism directed at India. The ministry also drew comparisons between India's and Europe's trade with Russia, noting that the EU's commercial engagement was significantly higher than India's total trade with Russia during the same period or afterward. It highlighted that European imports of liquefied natural gas (LNG) from Russia hit a record 16.5 million tonnes in 2024, surpassing the previous high of 15.21 million tonnes recorded in 2022. India also highlighted that Europe's trade with Russia extends well beyond energy, encompassing a wide range of sectors. This includes fertilizers, mining products, chemicals, iron and steel, as well as machinery and transport equipment. Furthermore, the ministry drew attention to US imports from Russia and said Washington continues to import uranium hexafluoride for its nuclear industry, palladium crucial to the electric vehicle sector, as well as fertilisers and various chemicals from Russia. advertisementConcluding its statement, the ministry asserted that the criticism directed at India is both unjustified and unreasonable. It said that, like any major economy, India is fully entitled to take all necessary steps to protect its national interests and ensure its economic security. The developments come after US President Donald Trump imposed a 25 per cent tariff on India from August 1, 2025 onwards. The tariff, as per Trump, comes in response to India's rates for the US which are the 'highest in the world'. Trump said that the tariff comes as a penalty for India's purchase of Russian oil and its participation in the BRICS bloc, which Trump deems as 'anti-American.' - EndsTune InMust Watch IN THIS STORY#United States of America#Donald Trump
