Foreign investors stayed net sellers of Indian equities in April, but the outflow pace eased sharply versus March. FIIs shifted to buying in power, capital goods and metals, while financial services, healthcare, oil & gas and automobiles saw continued heavy selling pressure. The divergence points to sector-specific bets as global uncertainty persists.
India’s foreign exchange reserves fell by $4.82 billion to $698.49 billion as of April 24, reversing the prior week’s rise. Reserve Bank interventions aimed at managing rupee volatility amid global uncertainty are in focus. The decline was driven mainly by reductions in foreign currency assets and gold reserves, despite reserves reaching a record high in February.
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India’s government says it will keep planned capital expenditure at Rs 12.22 lakh crore this fiscal year, even as fiscal strain rises amid the West Asia crisis. Officials indicate highways, railways, and urban development will remain priority areas, arguing that steady fiscal discipline helps the economy stay resilient through uncertain global conditions.
Luxury car sales in India rose only 3% in the March quarter, with roughly 14,000 vehicles priced over Rs 40 lakh finding buyers. The slowdown trails the wider market as affluent customers hold onto cash amid geopolitical and economic uncertainty. Still, BMW stood out with a 17% sales jump, underscoring uneven demand across brands.
With international uncertainty rising, wealthy Indians are reconsidering overseas property bets. Market observers say some capital is starting to tilt back toward India’s mid and luxury residential segments, as NRIs explore diversification closer to home. Experts view Indian real estate as a stable long-term option, and demand signals like rising buyer enquiries reinforce the shift.
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