FMCG, power and consumer durables stocks bore brunt of FPI selling

FPIs were net sellers (buying-selling) of FMCG stocks worth Rs 3,626 crore, power stocks worth Rs 3,120 crore, and consumer durables shares worth Rs 1,893 crore

Fast-moving consumer goods (FMCG), power and consu­mer durables stocks bore the brunt of foreign portfolio inv­estor (FPI) selling in the first two weeks of June.  FPIs were net sellers to the tune of ₹5,404 crore on the first for­t­n­ight of June. FPIs were net sellers (buying-selling) of FMCG stocks worth ₹3,626 crore, power stocks worth ₹3,120 crore, and consumer durables shares worth ₹1,893 crore. Infor­mation technology (₹1,713 crore), and consu­mer services (₹1,461 crore) were the other sectors whe­re FPIs sold heavily.