New Delhi, May 18, 2025 – Foreign Portfolio Investors (FPIs) turned net buyers of Indian equities in May 2025. As of May 16, net FPI inflows stood at about ₹18,620 crore for the month. This marks a sharp reversal from earlier in the year – FPIs had pulled out money in the first quarter (January–March 2025) but started net buying in April.

In fact, April saw a net ₹4,223 crore FPI inflow (the first monthly inflow in three months), whereas March, February and January had net outflows of ₹3,973 crore, ₹34,574 crore, and ₹78,027 crore respectively. Cumulatively, FPIs are still net sellers in 2025, with total outflows of ₹93,731 crore so far.

Weekly and Daily Inflow Trends

During the second week of May (May 13–16), FPIs invested ₹4,452.3 crore in equities. The strongest single-day inflow was on May 16, when FPIs bought a net ₹5,746 crore of stock. (By comparison, May 13 saw a ₹2,388 crore outflow.) Earlier in the month, another large buy day was May 7 with roughly ₹4,011 crore of inflows. These were the two highest daily FPI inflows of May so far.

Sector-Wise Investment Breakdown

In sector terms (latest available from April data), financial services led FPI buying: approximately ₹18,410 crore flowed into the Financial Services (banking and insurance) sector in April. The Media & Telecom sector was next with about ₹4,760 crore of inflows. Other April sector inflows included FMCG (consumer goods) at ~₹2,920 crore, Consumer Services at ~₹1,790 crore, Diversified (conglomerates) ~₹1,760 crore, and Power & Utilities ~₹920 crore. (Detailed sector data for May is not yet released; these figures are from April for context.)

Overall, the early May inflows mark a continuation of the renewed FPI buying that began in mid-April. After months of heavy selling, FPIs have restarted investing in equities, led by financial stocks. However, year‑to‑date trends still show net outflows, reflecting the earlier sell‑offs. All figures above are based on depository (NSDL) data as reported by official sources.