Analysts see sustained FPI inflows, await clarity on tariffs and global rate cuts
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Mumbai: The automobile sector witnessed the highest foreign inflows worth ₹5,020 crore in the second half of June, after witnessing outflows worth over ₹15,700 crore between January and May. "The fall in interest rates and pick up in rural demand has made the auto sector attractive, especially since the valuation has become very comfortable," said Divam Sharma, fund manager, Green Portfolio PMS. Overseas investors are reallocating their portfolio in line with valuation comfort, said Sharma. In May, the sector saw marginal inflows worth ₹101 crore. Overseas investors bought shares worth ₹27,920 crore across 11 sectors in the last 15 days of June, according to data from NSDL. Oil & gas and financials saw foreign investment worth over ₹4,000 crore each in the second half of the month, after witnessing inflows worth ₹1,199 crore and ₹4,685 crore, respectively, in the first half of the month. Live Events Softer crude oil prices a...