FIIs Turned Net Buyers in the Last 15 Days. They Bought Financials Again.
FII Sector Report, Apr-June 2026
In the second half of June, foreign investors bought a net ₹14,109 crore of Indian equity. It was their first net buy in 4 months.
Start with what actually happened in the fortnight, sector by sector.
Red is selling, green is buying.
What They Bought
Financial Services led. ₹14,634 crore into the sector in a single fortnight. It is larger than the whole market’s net buy. Everything else, on balance, roughly cancelled out.
I had pointed out in a previous article that when FII turn to buying again then Financial Services is the one they are likely to go after. After 4 months of selling, the buyers came back, and they came back to the banks. It is the largest and most liquid part of the market, so it tends to move first. Check the article below.
Adding to Financials they also bought a cluster of domestic names. Construction ₹3,484 crore, Consumer Services ₹3,081 crore, Services ₹2,592 crore. Then Consumer Durables ₹2,564 crore, Realty ₹1,893 crore and Healthcare ₹1,435 crore.
Mostly domestic-facing. Banks, building, consumption, real estate, hospitals.
What They Sold
The selling did not stop everywhere.
Metals and Mining lost the most, ₹4,371 crore. Power ₹3,743 crore. Oil and Gas ₹2,789 crore. Capital Goods and automobiles were trimmed too.
So the sectors sold this fortnight were the capex, power and commodity names. The ones that led the earlier build-out rotation.
The First Buy in Four Months
Step back across the year and the last fortnight stands out.
Every fortnight from mid March to mid June was an outflow.
March was the heaviest. The selling eased through April and May, then June reopened it hard in the first half. The second half of June is the first green bar since February.
Where They Are Betting
The 30 June data also closes the April to June quarter. So look at the whole three months, not just the fortnight.
So far we have counted rupees in and out. That is net flow, the buying and the selling.
There is a second way to read the same data. Portfolio weight is each sector’s share of everything foreign investors hold.
Flow is what they did in the fortnight. Weight is the mix it all leaves behind.
Across the quarter, that weight moved in a clear direction.
Capital Goods gained the most, up 0.91 percentage point. Services added 0.55.
Power, Realty and Construction rose too. The equipment, electricity and building of India’s capex cycle.
Information Technology lost the most, down 1.34 points. Oil and Gas fell 1.11.
So even in a quarter of heavy selling, the tilt got heavier into the domestic build-out and lighter on the old economy.
The Theme Update
The themes FIIs are after.
Out of the old economy. Held. Information Technology and Oil and Gas lost the most portfolio weight over the quarter. The exit is intact.
Into the domestic build-out. Held and strengthened. Capital Goods gained the most weight of any sector. Power, Realty and Construction rose too. This was the quarter’s clearest tilt.
Financial Services, trimmed not abandoned. Confirmed. The biggest seller of the quarter turned the biggest buyer in the final fortnight. The sector foreign money tends to buy back first.
Consumption and services. The one to watch. Consumer names and Services drew the first money back this fortnight. Whether that becomes a theme or stays a bounce is next quarter’s question.
We keep adding to the thread as the money moves.
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.
finvezto.com | Build Wealth. Systematically.
This report is for learning purposes only. It analyses published institutional flow data and is not a recommendation to buy or sell any security or sector, and is not an attempt to time the market. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not a guarantee of future results.