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As foreign institutional investors (FIIs) turned net sellers in April, snapping their six-month buying spree, amid a violent and overwhelming outbreak of the second Covid wave in India, there were two sectors that still caught their fancy.
The FIIs, which pulled out $1.29 billion from the equity markets last month -- their highest ever since March last year, still ploughed money in the FMCG and real estate sectors for two months in a row, shows a report by Edelweiss Securities.
"The two sectors which continue to see highest net inflow consecutively for the two months are – FMCG and Realty,"
