CY2025 Wrap: FPIs Record Equity Exit, DIIs and MFs Keep Markets Supported With Record Investment
IT Faces the Sharpest Full-Year Selling: On the sell side, Information Technology witnessed the deepest FPI unwind in CY2025, with sales of ₹74,698 Cr—the largest among all sectors. The magnitude indicates a sustained preference to reduce exposure to global-demand-sensitive segments and/or to rebalance positioning after earlier cycles.
Consumption, Defensives and Rate-Sensitives Also See Large Exits: FPI selling was also heavy in FMCG (₹36,786 Cr), followed by Power (₹26,522 Cr) and Healthcare (₹24,967 Cr). Consumer Durables (₹21,369 Cr) and Consumer Services (₹16,524 Cr) further highlight broad-based trimming across consumer-facing pockets. In addition, FPIs sold Financial Services (₹14,903 Cr) and Realty (₹12,635 Cr)—both typically sensitive to rates, liquidity, and valuation swings. Collectively, the top sell sectors summed to ₹228,404 Cr of FPI selling in CY2025.
Telecom Dominates Full-Year FPI Purchases: Telecommunication emerged as FPIs’ biggest buy-side sector in CY2025, with purchases of ₹48,222 Cr—far ahead of other sectors. The scale of participation suggests sustained preference for structural themes such as pricing discipline, ARPU improvement visibility, and 5G-led monetisation.
Oil & Gas, Services and Chemicals Form the Next Buying Cluster: Beyond telecom, FPIs deployed meaningful capital into Oil & Gas (₹8,431 Cr) and Services (₹7,071 Cr), pointing to preference for cash-flow visibility and India’s services-led growth. Chemicals (₹6,017 Cr) and Metals & Mining (₹4,661 Cr) also saw healthy purchases, indicating selective appetite for commodity/industrial exposure. Media & Entertainment (₹301 Cr) remained marginal on the buy side. Overall, the top purchase sectors together accounted for ₹74,703 Cr of FPI buying in CY2025.
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