Select Sectors Being Favoured by FIIs
As reported by us earlier, FIIs have turned bullish on India this month investing more than Rs. 35,000 crore. There are select sectors, which have found favors this time – telecommunications, auto, construction, and media. The sectors where they have decreased their stakes are textiles, utilities, consumer durables, real estate, and chemicals.
The overseas investors bought Rs 14,569 crore worth of shares in May and have infused another Rs 19,970 crore so far this month. Overall, FIIs have brought back over half of what they pulled out in March and April.