Foreign Investors Flock To Financial Services, Fuelling $3.2-Billion Inflow In September

Foreign investors returned to the financial services sector in September, driving the highest foreign fund inflows in 10 months, according to data from the National Securities Depository Ltd. Overseas investors injected $3.2 billion into the financial services sector, contributing to a total of $6.8 billion pumped into Indian equities.This marked the largest inflow since December 2023, when FPIs funnelled $7.9 billion, as per data compiled by NDTV Profit..Government Capex In Infrastructure Seeks To Encourage FPIs, Says JPMorgan's James Sullivan.The financial sector’s strong performance was reflected in the NSE Nifty Financial Services Index, which rose by 3.6% in September. This outpaced the broader NSE Nifty 50, which gained 2.3% over the same period.Although company-specific FPI flows were not available in NSDL data, several financial services stocks witnessed FPI activity in September:Sept. 2: HDFC Bank: Copthall Mauritius Investment Limited sold 10.2 lakh shares (0.01%) at Rs 1,636.9 apiece.Sept. 3: RBL Bank: Citigroup Global Markets Mauritius Pvt Ltd bought 9.28 lakh shares (0.15%), while Morgan Stanley Asia (Singapore) Pte. - Odi sold 9.28 lakh shares (0.15%) at Rs 227.79 apiece.Sept. 5: Max Financial Services: Max Ventures Investment Holdings Private Limited sold 1.1 crore shares (3.18%) at Rs 1,107.37 apiece.Sept. 13: PNB Housing: Asia Opportunities V (Mauritius) Limited sold 16.22 lakh shares (0.62%) at Rs 1,097.3 apiece; Goldman Sachs (Singapore) Pte. - Odi bought 0.92 lakh shares (0.04%) at Rs 1,097.3 apiece; the Government of Singapore bought 13.16 lakh shares (0.5%) at Rs 1,097.3 apiece; and the Monetary Authority of Singapore bought 2.13 lakh shares (0.08%) at Rs 1,097.3 apiece.Sept. 16: India Shelter Finance Corporation: US-based Nexus Venture Partners' units sold a 5.95% stake for Rs 482 crore.Sept. 20: Five-Star Business Finance: The Vanguard Group acquired 37.8 lakh shares (1.28%) for Rs 304.7 crore, while UBS Principal Capital Asia sold 15.8 lakh shares (0.54%) at Rs 804.74 apiece.Sept. 25: Five-Star Business Finance: Goldman Sachs bought 5.52 lakh shares (0.18%), and Duro India Opportunities Fund Pte sold 5.52 lakh shares (0.18%) at Rs 824 apiece.Sept. 26: Five-Star Business Finance: Four foreign shareholders, including TPG Asia, Norwest Venture Partners, Peak XV Partners, and Sequoia Capital, sold a 14.56% stake for Rs 3,475.33 crore. Nomura, through its affiliates, bought 93.92 lakh shares (3.2%), and Eastspring Investments India Equity Open acquired 24.87 lakh shares (0.85%).The healthcare sector attracted the second-highest foreign fund inflows at $791 million, followed by the realty sector ($641 million) and fast-moving consumer goods ($584 million), according to NSDL data..Ireland Is The New Mauritius For Foreign Fund Flows Into India — Profit Insights.Conversely, the consumer services sector recorded the highest FPI outflows, with foreign investors withdrawing $351 million. The automobile and auto components sector saw the second-highest outflows at $251 million, followed by the information technology sector at $145 million and the construction materials sector at $108 million, NSDL data showed..India IPO Frenzy Calls For Robust Foreign Flows To Avert Jitters In Listed Stocks

Foreign Investors Flock To Financial Services, Fuelling $3.2-Billion Inflow In September

Strong foreign inflows into financial services sector drove the NSE Nifty Financial Services Index up 3.6% in September.

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Foreign Investors Flock To Financial Services, Fuelling $3.2-Billion Inflow In September

Strong foreign inflows into financial services sector drove the NSE Nifty Financial Services Index up 3.6% in September.

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