Quant – The Outlanders – Monthly sector-wise FPI/FII flows- Feb’26
Published on 05 Mar 2026
Feb’26 saw a sharp rebound in FII/FPI sentiment, with total sectoral outflow of Rs333bn in Jan’26 to a strong inflow of Rs164bn. The improvement was broad based, with 12 of 18 sectors turning positive, compared to just three in the previous month. Capital Goods, Financial Services, Oil & Gas, Metals & Mining and Power emerged as the key drivers of this recovery, posting large inflows. Some sectors that had big outflows in Jan’26 like Consumer Services, Realty, Services and Automobiles returned to inflows in Feb’26. However, the upturn was not uniform: IT posted a sharp Rs110bn outflow, remaining the biggest drag, while FMCG, Healthcare, Consumer Durables and Telecom also stayed negative despite moderating from January levels. Overall, Feb’26 showed a clear improvement in foreign flows, led by strong buying across core and infrastructure linked sectors.
