FIIs shift focus from consumer to financial stocks in October
after close1 source ↓written by the desknot a recommendation
- in financials
- ₹13,279 cr
- totaling
- ₹4,259 cr
- respectively
- ₹3,462 cr
- during the festive
- 8.5%
Foreign institutional investors (FIIs) sold consumer stocks worth ₹9,477 cr in October, despite the GST 2.0 rollout aimed at boosting consumption. In contrast, they invested ₹13,279 cr in financials, marking a significant shift in strategy. Notably, FMCG and consumer services faced the largest selloffs, totaling ₹4,259 cr and ₹3,462 cr respectively.
This trend indicates a cautious outlook on consumer demand, even as retail sales rose 8.5% during the festive season. 📉
Not investment advice. For informational purposes only.