According to a report published by Emkay Global Financial Services, Foreign Institutional Investors (FII) are most interested in companies in the software and services and real estate sectors.
FIIs turned sellers for the materials sector last fortnight, with the highest sectoral outflow of $570mn
According to a report published by Emkay Global Financial Services, Foreign Institutional Investors (FII) are most interested in companies in the software and services and real estate sectors.
For the fortnight April 16th - April 30th, 2021, the software and services and the real estate sector saw buying worth $281 million and $232 million respectively. It is worth noting that FIIs are underweight in Software & Services by 4 per cent versus MSCI weight.
On the other hand, FIIs turned sellers for the materials sector last fortnight, with the highest sectoral outflow of $570mn. FIIs also continued selling in Banks and the Energy sector, with each seeing outflows in excess of $200mn.