April 2026: FPIs Extend Equity & Debt Selloff, While DIIs & Mutual Funds Continue to Anchor Market Support
April 2026 Sectoral Rotation: Financials Face Heavy FPI Selling; Power and Capital Goods See Selective Buying
Financial Services Leads the Selloff; Consumer Services, Healthcare and Oil & Gas Also Remain Under Pressure: On the selling side, Financial Services remained the biggest drag by a wide margin, witnessing outflows of ₹30,856 Cr, with selling continuing across both halves of the month at ₹19,152 Cr and ₹11,704 Cr, respectively.
Consumer Services saw the second-highest selling at ₹7,770 Cr, followed by Healthcare at ₹6,926 Cr and Oil & Gas at ₹6,703 Cr. Among other sectors, Automobile (₹5,479 Cr), Telecommunication (₹4,400 Cr), IT (₹4,212 Cr) and FMCG (₹3,205 Cr) also witnessed outflows, indicating broad-based FPI caution across both cyclical and defensive sectors.
Power and Capital Goods Emerge as Key Buying Pockets: FPI buying in April 2026 remained selective, with Power leading inflows at ₹5,557 Cr, supported by strong buying of ₹4,956 Cr in the second half of the month. Capital Goods followed with inflows of ₹4,339 Cr, as FPIs turned buyers in the second half after mild selling in the first half. Metals & Mining (₹1,218 Cr) and Construction (₹926 Cr) also saw positive flows. Overall, the trend suggests that FPIs stayed cautious in April, but continued to prefer Power, Capital Goods and select domestic capex-linked themes.
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