FPIs dump auto, FMCG and power stocks in second half of May

ET Bureau

FMCG witnessed by foreign investors worth Rs 3,015 crore between May 16 and 31, after worth Rs 1,158 in the firsthalf of the month. They offloaded shares worth Rs 2,746 crore and Rs 2,250 crore in oil & gas and power sector, respectively, after selling in the first-half of the month as well.

In the last 15 days of May, over seas investors turned net sold shares in the services and Information Technology (IT) sector. Overseas investors bought worth Rs 13,044 crore across 10 sectors in the second half of the month. Foreign funds continued to infuse funds in capital goods and consumer services sectors worth Rs 5,648 crore and Rs 2,026 crore respectively, after buying Rs 376 crore and Rs 733 crore in the first 15 days of May.

Foreign investors demonstrated renewed buying interest in India’s construction, telecom and financial services sector, with an of Rs 1,125 crore, Rs 1,378 crore and Rs 1,104 crore respectively. They sold shares worth Rs 3,811 crore, Rs 272 crore and Rs 9,687 crore in these sectors in the first-half of May. The also witnessed a foreign inflow worth Rs 1,114 crore over the Rs 233 crore inflow in the first-half of the month.