December Fortnight Review: DIIs Hold Firm, MFs Stay Active as FPIs Sell Equities & Debtin
Selective FPI Buying Led by Oil & Gas – FPIs remained highly selective buyers in the first half of December, with Oil & Gas (₹3,001 Cr) dominating inflows on a relative preference for energy-linked plays. Incremental buying was also seen in Metals & Mining (₹807 Cr) and Automobile & Auto Components (₹611 Cr), while Consumer Durables (₹401 Cr) attracted modest interest.
FPI Selling Concentrated in Financials, IT and Services – On the sell side, FPIs saw the sharpest outflows from Financial Services (₹6,516 Cr), indicating meaningful risk reduction in market-heavy sectors. Selling also intensified in Information Technology (₹3,331 Cr) and Services (₹3,237 Cr), alongside continued trimming in Healthcare (₹2,351 Cr) and Power (₹2,118 Cr). Additional pressure was visible in FMCG (₹1,419 Cr), Capital Goods (₹1,218 Cr) and Construction Materials (₹1,125 Cr).
FPIs Accelerate Selling in the First Half of December: Foreign Portfolio Investors (FPIs) remained net sellers in Indian equities during 1st–15th Dec 2025, with total equity outflows of ₹17,821 Cr. The selling was driven by a secondary market selloff of ₹19,876 Cr, which was partially offset by primary market buying (IPO) of ₹2,055 Cr.
Debt Flows Turn Negative: Unlike the preference for debt seen in parts of earlier months, FPIs also recorded net debt outflows of ₹7,768 Cr in the first half of December, indicating a more cautious stance across risk assets and fixed income during this fortnight.
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