June Fortnight Review: FPIs Risk-Off; DIIs & MFs Absorb Selling Pressure
FPI Selling: Financial Services, Oil & Gas and Auto Lead Outflows – During 1st–15th June 2026, FPI selling remained broad-based and concentrated across key large-cap sectors. Financial Services saw the highest outflow of ₹11,263 Cr, making it the biggest drag during the fortnight. Selling was also heavy in Oil & Gas at ₹10,488 Cr, followed by Automobile at ₹9,044 Cr, Information Technology at ₹6,733 Cr, FMCG at ₹5,063 Cr, Metals & Mining at ₹4,722 Cr, Healthcare at ₹4,501 Cr and Capital Goods at ₹2,586 Cr. This indicates that FPIs continued to reduce exposure across financials, energy, autos, IT and consumption-oriented sectors.
FPI Buying: Inflows Remain Very Selective – On the buy side, FPI activity remained highly selective, with modest buying led by Telecommunication, which attracted inflows of ₹373 Cr. Services also saw inflows of ₹302 Cr, while Utilities witnessed marginal buying of ₹7 Cr. Overall, FPI flows during the first half of June remained clearly risk-off, with broad-based selling outweighing limited sector-wise buying.
FPIs Stay Risk-Off in First Half of June: Historic FPI equity selling deepened in June, with FPIs recording outflows of ₹63,450 Cr during 1st–15th June 2026, marking the fourth consecutive month of equity outflows. The selling was mainly driven by the secondary market, where FPIs sold ₹64,268 Cr, while primary market/IPOs saw modest inflows of ₹819 Cr, indicating continued caution toward listed equities.
DII Buying Remains Robust: Domestic Institutional Investors continued their strong buying momentum in the first half of June 2026, with net equity purchases of ₹61,137 Cr during 1st–15th June. For CY2026 till 15th June, DIIs have invested a strong ₹4,45,474 Cr in Indian equities, reinforcing their role as the key stabilising force amid continued FPI selling pressure.
MF Equity Buying Remains Strong: Mutual Funds remained major buyers within the domestic institutional segment, investing ₹42,725 Cr in equities during 1st–15th June 2026. On a CY2026-to-date basis, MFs have invested ₹2,88,929 Cr in equities, highlighting sustained domestic investor participation through mutual fund channels.
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