Smart money dumping consumption stocks as interest shifts to capex cycle

March 17, 2021adminLeave a Comment

ET Intelligence Group: The consumption theme is gradually losing its sheen as institutional investors latch onto the companies that can benefit from the government’s focus on reviving the capital expenditure (capex) cycle, show the data from NSDL. The weight of the consumer staples sector in the portfolios of the foreign portfolio investors (FPIs) dropped to […]

60% of overseas inflows into Dalal Street focused on financials in Feb

March 4, 2021adminLeave a Comment

Abhilash Pagaria, Senior Manager at Edelweiss Alternative Research, said FPIs may have added PSU banks as well to their portfolios. Nifty Bank gained 14% in February. Synopsis Analysts said a bulk of the flows into banking may have gone into PSU banks where FPI ownership is at a multi-year low. MUMBAI: Financials attracted $2 billion […]

India continues to attract FPIs amidst global sell-off

February 23, 2021adminLeave a Comment

MUMBAI: While global bond markets may be witnessing a sell off due to fear of borrowing costs getting costlier dimming benefits of carry trade, India has been an exception among emerging markets to receive record portfolio investments in recent weeks. Yields in most markets have been rising amid rising commodity and crude prices stoking inflation […]