Stocks of realty, consumer services firms are FPIs' stocking stuffers

A combination of sectoral rotation and better consumer spending is attributed to the shift towards realty and consumer services stocks

The stocks of realty and consumer services firms accounted for the maximum foreign portfolio investor (FPI) buying during the first fortnight of December this year.  

FPIs bought realty stocks worth Rs 3,150 crore, and consumer services shares of Rs 2,676 crore, according to the data collated by PRIME Infobase.

Fast-moving consumer goods, or FMCG (Rs 2,649 core), capital goods (Rs 1,984 crore), and metal and mining stocks (Rs 1,391 crore) were the other sectors FPIs parked their money in in the first two weeks of December.  

A combination of sectoral rotation and better consumer spending is attributed to the shift