InvestorQ : What is it that FPIs have been buying in India over the last one month when they have been aggressively long on India?
prachi Patwardhan made post

What is it that FPIs have been buying in India over the last one month when they have been aggressively long on India?

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sara Kunju answered.
6 months ago
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Here is what you need to know about the colour of FPI flows into India in the month of November 2020.

· In the first three weeks of November, FPIs infused Rs.55,000 crore into Indian markets on the back of Biden victory and the Stimulus 3.0

· This includes almost Rs.48,000 crore into equity and the balance in debt with equity flows virtually dominating.

· The big question to answer now is which sectors in the Indian equity space have attracted the most of the heavy FPI flows into India. The big chunk of the flows went into financial services sector attracting at third of the flows at Rs.16,500 crore

· Apart from the financials, FPIs also purchased stocks of capital goods, consumer goods, oil & gas and construction materials. Most of them are revival stories

· At the same time, FPIs were also seen taking money out and booking profits in selected sectors like textiles, apparel, pharmaceuticals, coal and mining. The sentiments saw a vast turnaround after Biden won the US polls and India Inc gave supper results in Q2.

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