FII selling crosses $1 billion in 3 sectors this month. Who's scaring big money?
foreign institutional investors (FIIs) remain net buyers of Indian stocks this month with the good-old financials and IT on top of the buying list, 3 sectors — oil and gas, auto and FMCG — saw $1 billion exit.
NSDL data shows that in the first fortnight of December, FIIs sold Rs 5,337 crore worth of stocks in oil and gas sector, Rs 1,823 crore in auto and another Rs 1,655 crore in FMCG. The combined sell-off in all these 3 stocks have crossed $1 billion-mark.
On the net level, FIIs were net buyers to the tune of Rs 22,766 crore in the fortnight as compared to a smaller buying figure of Rs 809 crore in the previous fortnight.
Financial services were on top of FII buying list (Rs 7,424 crore), followed by IT (Rs 6,754 crore) and realty (Rs 4,689 crore). Other sectors like consumer services, capital goods, healthcare and construction also saw buying worth at least Rs 1,000 crore.
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