IT bore brunt of FPI pullout in April amid tariff turmoil
Overseas investors offloaded shares in the financial services and capital goods sectors worth ₹4,501 crore and ₹3,019 crore, respectively. While capital goods had seen outflows last month, financial services had received foreign inflows worth over ₹14,000 crore.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Mumbai: The information technology (IT) sector saw the highest selling from overseas investors between April 1 and 15 as concerns over the impact of an expected US downturn heightened risk-off sentiment. Foreigners sold IT shares worth ₹13,828 crore in this period, after pulling ₹8,451 crore out of sector in March. In 2024, foreign investors pumped over ₹14,000 crore into the sector."A significant chunk of orders in the IT sector are driven by the US, and since the outlook on those orders is uncertain given the concerns of a slowdown in the US, the sector has seen highest outflows in the first half of April," said Divam Sharma, fund manager, Green Portfolio PMS.Overseas investors offloaded shares in the financial services and capital goods sectors worth ₹4,501 crore and ₹3,019 crore, respectively. While capital goods had seen outflows last month, financial services had received foreign inflows worth over ₹14,000 crore."Most sectors are anticipated to be impacted by the confusion on Trump tariffs but sectors with premium valuations are more prone to higher foreign outflows," said UR Bhat, director, Alphaniti.In the first half of April, foreigners sold Indian equities worth ₹37,108 crore across 17 sectors after infusing ₹31,877 crore in the second half of March, according to NSDL. Sharma said foreign sell-off in financial services has tempered after the recent outflows because of comfortable valuations."Bank Nifty has performed well owing to the short squeeze in banking stocks, and since it is a domestic-facing sector, tariffs are not likely to have a major impact on the sector," he said.Metals and mining, oil and gas, automobiles and construction sectors also saw foreign outflows over ₹2,000 crore each. They bought shares worth ₹3,181 crore across 6 ix sectors in first half of April, with elecommunications receiving the highest inflows of ₹2,137 crore. Foreign investors have pumped over ₹17,600 crore into stocks in previous 5 trading sessions, but they remain net sellers in April of ₹16,670 crore.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
18 minutes ago
- Economic Times
Anthem Biosciences IPO: What GMP signals ahead of listing on Monday
Anthem Biosciences is set to debut on the stock exchanges on Monday, July 21. In the unlisted market, its shares are trading at a premium of Rs 165–170, indicating a potential listing gain of around 29% over the IPO price of Rs 570 (upper band). ADVERTISEMENT While the grey market premium (GMP) reflects strong investor interest, it remains a speculative indicator and can change quickly before listing. The Rs 3,395 crore IPO was entirely an offer for sale (OFS) and closed on July 16. It witnessed robust demand, with an overall subscription of 67.42 times. The Qualified Institutional Buyers (QIB) segment was subscribed 192.80 times, Non-Institutional Investors (NII) 44.70 times, and the retail portion 5.98 times. The issue was priced in a band of Rs 540–570 per share, with a minimum lot size of 26 shares. The stock will list on both NSE and BSE. Founded in 2006, Anthem Biosciences operates in a niche segment of the pharma value chain, offering end-to-end drug discovery, development, and manufacturing services. It is among the few Indian CRDMOs with integrated capabilities across both small molecules (chemical-based) and large molecules (biologics).Its differentiated fee-for-service (FFS) model has enabled it to cater to small and mid-sized biotech firms globally, which constitute a large portion of its client base. Since its inception, the company has served over 675 clients and completed more than 8,000 projects. ADVERTISEMENT In FY25, Anthem reported strong financials, with an EBITDA margin of 36.8% and a Return on Net Worth (RoNW) of 20.8%. As of March 2025, the company's net worth stood at Rs 2,410 facilities are cGMP-compliant and approved by global regulatory bodies such as the USFDA, ANVISA, TGA, and PMDA. The company is currently expanding its fermentation and synthesis capacities to meet growing demand for complex biologics and specialty ingredients. ADVERTISEMENT JM Financial is the book-running lead manager of the Anthem Biosciences IPO, while Kfin Technologies is the registrar for the issue. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
18 minutes ago
- Economic Times
July 22–25: Critical time windows could trigger Nifty reversals, says Harshubh Shah
Indian equity markets closed lower for the third straight week, with the Nifty50 slipping 0.7% to end below the 25,000 mark for the week ending July 18, 2025.A sharp uptick in foreign institutional investor (FPI) selling has amplified the weakness. According to NSDL data, FPIs have offloaded Indian equities worth Rs 10,775 crore so far in beneath the surface of price action, a subtler force is at work: time. July 15–19: Time Levels Guide Market Moves In our previous analysis, we highlighted July 15 as a pivotal date—and the market respected this projection. On Friday, July 19, once the low of July 15 was breached, the Nifty witnessed aggressive selling. Even the high made on July 15 proved significant: a failed breakout attempt near that level on July 16 triggered fresh declines. Critical support zones worked well last week: 24,978 acted as a crucial support level before Friday's 25,085 mark (July 15's low) also played a vital role, as its breach led to a steep again, the market demonstrated that both price levels and time zones matter in short-term trading decisions. Precision in Time-Based Analysis: Intraday Accuracy Unmatched Throughout the week, time analysis proved its merit with remarkable precision. Specific intraday time slots consistently aligned with swing highs, lows, and key reversals: July 14: 10:20 AM – Swing high, followed by a downtrend 11:30 AM – Day's low formed near this time July 15: 9:45 AM – Day's low formed 2:45 PM – Swing low marked with precision July 16–18: Multiple intraday pivots around key time slots like 10:45 AM, 12:30 PM, and 2:45 PM Such consistency confirms that Time Analysis, when combined with Price Action, can provide traders with clear, actionable insights. Outlook for July 21–25: Big Moves ExpectedKey Support Zones: 24,978 / 24,850 / 24,676 / 24,538 / 24,450 Key Resistance Levels: 25,080 / 25,147 / 25,320 / 25,434 / 25,566 / 25,600 Intraday Time Slots to Watch: Key Dates to Track July 22–23: Expect swift intraday moves — ideal for short-term traders and 24–25: Watch for a potential top or bottom formation. Positional traders should stay alert. Conclusion While many traders focus solely on chart patterns, indicators, or news flow, the underlying rhythm of Time remains a powerful yet underappreciated tool. The coming week holds key signals hidden in specific time windows. Stay prepared — sharp moves could catch the unprepared off-guard. (The author is Director, Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Mint
18 minutes ago
- Mint
Apple iPhone 17 price: From likely cost in India to specifications - here's all you need to know
Apple's iPhone 17 lineup is expected to make its debut in September with four models likely to be introduced — the standard iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max and a new iPhone 17 Air, Apple's thinnest phone yet. Several leaked images of lens protection covers, allegedly belonging to the iPhone 17 have surfaced online, with each model rumored to receive major enhancements in design, processing power, screen technology, and camera performance. According to the reports, Apple is expected to launch the new iPhones between 8 and 11 September, sticking with its usual early-September window. Pre-orders are also likely to commence in the same week. Apple has launched new iPhones during the second week of September in nine out of the last ten years, with 2020 being the only exception due to disruptions caused by the COVID-19 pandemic, the rumors suggest. The iPhone 17 lineup is expected to launch in 6 different colours, including black, grey, silver, light blue, light green, and light purple Alongside the colour leaks, some reports also suggest a few design changes. The Apple logo on the Pro models appears to have been repositioned slightly lower on the rear panel. The camera module is also rumored to have undergone a redesign, with three sensors now housed in circular units aligned on the left within a rectangular camera bar. The LED flash and LiDAR sensor are reportedly positioned to the right of this setup. The iPhone 17 lineup is expected to launch in India with a starting price of approximately ₹ 79,900 for the base model. However, both the base and Pro models are likely to experience a price increase due to the trade tariffs introduced during the Trump administration. With ongoing geopolitical tensions between the US and China, production costs for iPhones manufactured in China have surged, which resulted in higher global retail prices. The iPhone 17 Pro may cost ₹ 1,45,000, while the iPhone 17 Air could be priced around ₹ 90,000 in India. The new addition to the lineup, iPhone 17 Air is expected to carry a price tag of around $899 in the United States, and AED 3,799 in Dubai.
