 "dollar, fpi, investment, FDI")
Companies in the real estate and insurance sector cornered the bulk of the foreign portfolio investor (FPI) flows—half a billion dollars each—in March. The oil & gas sector too reported strong inflows of close to $460 million.
Analysts believe the spike in flows in the real estate sector is a case of foreign funds taking a bullish view on select stocks and not the entire sector.
“This is the first time FPIs deployed a sizable amount in the real estate sector,” said Abhilash Pagaria, an analyst with Edelweiss Alternative Research. “Although in March, NSE Realty index fell 4.5 per cent,
