FPIs buying metal stocks while selling IT, financials1 min read . Updated: 27 Jan 2023, 09:37 AM IST
- Top-5 sectors with FII outflows include financials, IT, energy, discretionary consumption and telecom
FPI holding of the benchmark Nifty 50 index nudged up 50 bps quarter-on-quarter (QoQ) to reach 22.9% during Q3 FY23 based on shareholding data. Above trend is driven by FPI buying in stocks such as Axis Bank, Hindalco, L&T, HCL Tech, Hindustan Unilever (HUL) and Infosys along with their relative performance, as per data analysed by brokerage firm ICICI Securities.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Select your Category