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Quant – The Outlanders – Monthly sector-wise FPI/FII flows – May’26

Published on 04 Jun 2026

May’26 reflected a sequential improvement in FII/FPI sentiment, with overall outflows moderating meaningfully versus Apr’26. 3 of the 18 sectors recorded net inflows in May’26, indicating a marginal recovery in foreign investor risk appetite. Key support came from Services, Capital Goods, and Metals & Mining, along with a marginal recovery across consumption segments. However, selling pressure remained concentrated in Financial Services, which saw continued heavy outflows of ~INR180bn, while Oil & Gas, Telecommunication, FMCG, and IT also witnessed notable outflows.
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