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SBI and Groww among top FII gainers as foreigners pile into select stocks despite $53b exit
Business
Published on 16 May 2026
Foreigners fled India overall yet doubled down on banks
Foreign institutional investors have withdrawn about $53 billion from Indian equities since late 2024, pressuring many large-cap names even as MSCI India fell roughly 8% from September 2024 to May 2026. Yet in Q4, FIIs increased holdings in several stocks in value terms. State Bank of India led with a Rs 9,319 crore rise in FII holdings during the March 2026 quarter, followed by Power Grid, NTPC, Vedanta and others, including stock broker Billionbrains Garage Ventures and GE Vernova T&D India.
- FIIs pulled $53 billion out of Indian equities since late 2024
- MSCI India fell about 8% between Sep 2024 and May 2026
- SBI saw FII holdings rise Rs 9,319 crore to Rs 1,02,279 crore
- Power Grid added Rs 8,057 crore, lifting holdings to Rs 68,923 crore
- NTPC holdings increased Rs 7,566 crore to Rs 59,476 crore in March 2026
- Billionbrains Garage Ventures added Rs 4,222 crore even as shares fell 3.87%
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times