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Cracking the investment strategy: FPIs are bullish on finance, auto stocks

Financial services saw maximum buying at Rs 9,289 crore, followed by auto stocks at Rs 3,997 crore and consumer services at Rs 1,931 crore

Over the past three months, FMCG stocks have cornered the highest FPI flows at $1.7 billion, according to an analysis by IIFL Alternative Research.

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Sundar Sethuraman Mumbai

2 min read Last Updated : Jun 11 2023 | 8:47 PM IST

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Foreign portfolio investors (FPI) bought stocks of financials, automotive (auto), fast-moving consumer goods (FMCG), and capital goods during the second half of May.

Financial services saw maximum buying at Rs 9,289 crore, followed by auto stocks at Rs 3,997 crore and consumer services at Rs 1,931 crore, according to data collated by Primeinfobase.FPIs bought FMCG stocks worth Rs 1,571 crore and capital goods worth Rs 1,352 crore. In the second fortnight of May, FPIs bought shares worth Rs 19,099 crore.

Analysts say FPIs are bullish on finance and auto stocks as their revenues are primarily dependent on domestic demand, which is in

Topics : Stock Market Markets Investment FPIs Financial Stock automobile industry FMCG Capital goods IT sector Mining industry BSE NSE stock market trading

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