In total, foreign investors sold ₹29,056 crore across 15 sectors in the second half of January, NSDL data shows. In the first half, they had raised ₹22,420 crore from 19 sectors.The healthcare sector saw outflows of ₹5,113 crore in the second half of the month. Foreign investors pulled in nearly ₹25,000 crore from the sector by 2025.
Most pharma and healthcare companies with significant exposure to the US reported subdued profits this quarter, which could have affected sales, Pandey said.
Global investors have also pulled out more than ₹3,000 crore each from telecom, consumer services and auto stocks. “Pricing power for telecom companies has been somewhat eroded as the government revives the third player in the sector, which could have prompted foreign investors to lighten their position in this sector,” said UR Bhat, co-founder and managing director of Alphaniti.
Pandey said the rally in auto stocks in 2025 could have prompted foreign investors to reduce their positions.
AgenciesJANUARY 16-31 TRADING Overseas investors are also selling big in telecoms, consumer services and autos
Inflow
Metals and mining led inflows in the second half of January, attracting ₹8,837 crore, supported by momentum in precious metals. Capital goods attracted ₹2,435 crore.
“Global investor preference has shifted to metals and mining, amid the rally in precious metals, although this may gradually shift from non-ferrous to ferrous metals,” Pandey said.
The metals sector had received ₹2,984 crore in December. So far in 2026, gold rose 17% on Wednesday, while silver rose 18%. “Volatility in the precious metals derivatives market could have fueled investor interest in shares of metals companies, allowing them to play on this theme with limited risk,” said Bhat.
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