Out of favour! These 5 sectors saw Rs 19,304 crore FPI selloff in August
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Booking Profits?
In August 2023, foreign investors cut exposure in metals and banking stocks in India while investing big in power and capital goods stocks. Below are the five sectors wherein FPIs were most bearish in August along with their investment trend last year and so far this year till July. Take a look: (Source | primeinfobase.com, ET Bureau)
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Metals & mining
August 2023: Rs -6,953 crore
Jan-July 2023: Rs 7,735 crore
in 2022: Rs 3.024 crore
Jan-July 2023: Rs 7,735 crore
in 2022: Rs 3.024 crore
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Financial Services
August 2023: Rs -6,493 crore
Jan-July 2023: Rs 39,924 crore
2022: Rs -61,177 crore
Jan-July 2023: Rs 39,924 crore
2022: Rs -61,177 crore
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Fast Moving Consumer Goods
August 2023: Rs -2,612 crore
Jan-July 2023: Rs 11,314 crore
2022: Rs 14,284 crore
Jan-July 2023: Rs 11,314 crore
2022: Rs 14,284 crore
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Oil, Gas & Consumable Fuels
August 2023: Rs -2,228 crore
Jan-July 2023: Rs -12,126 crore
2022: Rs -22,247 crore
Jan-July 2023: Rs -12,126 crore
2022: Rs -22,247 crore
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Telecommunication
August 2023: Rs -1,018 crore
Jan-July 2023: Rs 2,009 crore
2022: Rs 5,349 crore
Jan-July 2023: Rs 2,009 crore
2022: Rs 5,349 crore