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FIIs turn buyers for IT, real estate companies; sell materials, banking stocks
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FIIs turn buyers for IT, real estate companies; sell materials, banking stocks
May 7, 2021 6:24 AM

The foreign institutional investors (FII) showed maximum interest in software & services and real estate sector companies for the fortnight of April 16 - April 30, 2021.

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As per a report by Emkay Global Financial Services, the software & services and the real estate sector saw buying worth $281 million and $232 million respectively.

The FIIs are underweight in software & services by around 4 percent versus MSCI weight.

Besides, FIIs turned sellers for the materials sector last fortnight, with the highest sectoral outflow of $570 million.

FIIs also continued selling in banks and the energy sector, with each seeing outflows in excess of $200 million.

(Edited by : Jomy)

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