The FPIs’ assets under management (AUM) in the power sector rose by 39% to $31 billion in the past three months compared with 16% growth in their total equity AUM. Power stocks received an FPI inflow of $242 million over the past month, accounting for 8% of the total inflow.
Persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July.