InvestorQ : What were FPIs buying and selling in the month of May 2021?
Rutuja Nigam made post

What were FPIs buying and selling in the month of May 2021?

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3 weeks ago
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Foreign portfolio investors made a sharp turn and turned net buyers in the second half of May after being net sellers since the last week of February. There was also confidence ahead of the lifting of lockdowns by various states. There was maximum outflow of FPIs from information technology, insurance, telecom and oil & gas. Big FPI inflows happened into sectors like banks/NBFCs, metals & mining, power, auto and logistics.

Improving economic prospects were also supported by the MSCI-rejig which triggered inflows to the tune of $250 million. A total of 6 Indian stocks were added to the index and one was removed. In the month of May, FPIs closed with net buying of $748.91 million after selling $1.5 billion in Apr-21. Apart from solid corporate earnings numbers, the sharp fall in COVID cases and the positive cues from GDP also impacted the FPI sentiments positively.

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