 "FPI Flows")
Foreign portfolio investors (FPIs) appear to be turning defensive after a relentless run this year. In August, they invested the highest sum into fast-moving consumer goods (FMCG) stocks, while yanking out money from high-beta sectors such as auto and banking.
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. “In terms of positioning in August, FPIs turned cautious as they were buyers across most of the defensive sectors,” said Sriram Velayudhan, vice-president at the firm.
Oil & gas, power, construction and telecom were
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. “In terms of positioning in August, FPIs turned cautious as they were buyers across most of the defensive sectors,” said Sriram Velayudhan, vice-president at the firm.
Oil & gas, power, construction and telecom were
