Despite a September sell-off by Foreign Portfolio Investors (FPIs) following six months of continuous buying, their confidence in Indian equities remains evident. Data shows that out of 379 companies listed on the Nifty 500, FPIs increased their stake in nearly 63% (237) of them. Additionally, domestic investors (DIIs) raised their holdings in 59% (224) of these companies.
Notably, promoter shareholding reduced in 27% of firms, with only 5% (17) experiencing an increase. This shift towards mid-cap companies suggests FPIs are finding value beyond large caps. Key sectors for FPI activity included pharma/healthcare and IT. This data reflects ongoing confidence in the Indian market, despite short-term fluctuations.