Mata Securities India Pvt Ltd | SEBI Registered Research Analyst | Reg. No. INH000022668 | AMFI Registered MF Distributor | ARN-0158
September Fortnight Review: FPI Equity Buying Streak Ends; Debt Selling Intensifies, DIIs Stay Supportive
FPIs Turn Defensive in First Half of September; Financials Reverse to Selling While Healthcare Buying Continues
FPI Buying: Healthcare Leads Inflows for the Fifth Consecutive Fortnight – During 1st–15th September 2026, FPI buying was selective, with Healthcare attracting the highest inflow of ₹2,114 Cr, extending its buying streak to 5 consecutive fortnights. Continued foreign interest in healthcare may reflect the sector’s structural growth prospects, defensive characteristics and rising domestic demand. FPIs also purchased Construction worth ₹930 Cr, Services ₹905 Cr, Consumer Services ₹422 Cr, Chemicals ₹228 Cr, Utilities ₹194 Cr, Textiles ₹10 Cr and Forest Materials ₹7 Cr.
FPI Selling: Financial Services Reverses After Two Fortnights of Buying – FPI Selling: Financials Reverse After Two Fortnights of Buying: Financial Services saw the highest outflow of ₹6,204 Cr, reversing two fortnights of buying. FPIs also sold Auto ₹2,670 Cr, Oil & Gas ₹2,385 Cr, FMCG ₹2,029 Cr and Power ₹1,653 Cr, with Oil & Gas selling extending to a second consecutive fortnight.
FPI Equity Flows Turn Negative: FPIs sold ₹14,116 Cr of Indian equities during 1st–15th September 2026, bringing an end to their five consecutive fortnights of buying streak. The selling was concentrated in the secondary market, with outflows of ₹15,545 Cr, while FPIs continued to participate in the primary market/IPOs with net buying of ₹1,429 Cr, partially cushioning the overall outflow.
FPI Debt Selling Intensifies: FPIs recorded ₹7,662 Cr of debt outflows during the first half of September, marking the third consecutive fortnight of selling. Importantly, the quantum of debt selling has increased in each of the last three fortnights, indicating continued reduction in foreign investor exposure to Indian fixed-income securities.
Domestic Institutions Continue to Provide Market Support – DII Buying Streak Continues: DIIs remained consistent buyers, investing ₹27,673 Cr in equities during 1st–15th September 2026. Their cumulative equity purchases reached a substantial ₹5,82,012 Cr in CY2026, continuing to provide strong domestic liquidity support to the market.
Mutual Fund Equity Buying Moderates – MFs Remain Net Buyers, but Buying Moderates: Mutual funds invested ₹15,348 Cr in equities during 1st–8th September 2026, lower than the previous fortnight, indicating a moderation in the pace of buying. Cumulative mutual fund equity investment in CY2026 reached ₹3,78,369 Cr, continuing to provide strong domestic support to Indian equities.
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