look news india
Foreign investors have invested Rs 22,600 crore in India's automobile, information technology (IT), capital goods sectors in the first fortnight of July.
During this period, capital goods, automobile, IT and healthcare are the sectors that witnessed the highest investments by foreign portfolio investors (FPIs).
Strong inflows from FPIs were seen in the capital goods sector. Foreign investors have raised Rs 3,612 crore in this sector in the first fifteen days of July as against an investment of Rs 2,792 crore in June. Also, if we talk about January to June this year, FPIs have invested a total of Rs 20,000 crore in this sector. Apart from this, FPIs have also increased their stake in the automobile sector. During July 1 to July 15, foreign investors bought shares worth Rs 2,993 crore in this sector. During the first fortnight of the current month, foreign investors have maintained their buying interest in IT, metals and mining, oil and gas and fast moving consumer goods (FMCG). After selling Rs 981 crore in the IT sector in June, foreign investors bought Rs 2,765 crore in the first fortnight of July. During the first six months of the current year, FPIs had acquired Rs 11,333 crore from the IT sector. During the first fortnight of July, foreign investors bought shares worth Rs 2,378 crore in the healthcare sector.
