FIIs just pumped $3 billion into Indian stocks as brutal selloff ends. Here's what they are buying

Foreign institutional investors pumped approximately 3 billion dollars into Indian stocks in July, ending four months of sustained selling. Financial services led inflows at 16,609 crore rupees, followed by consumer services at 10,442 crore and healthcare at 5,536 crore, while automobiles saw the biggest outflow of 8,260 crore and capital goods faced selling of 4,099 crore. Analysts described the flows as tactical rather than structural, noting India valuation premium over emerging markets has cooled to its historical average of about 50 percent.