π° FIIs flip script, loading up on Indian finance stocks
Foreign institutional investors abruptly reversed their stance on Indian financial stocks by buying a net βΉ6,535 crore. This buying spree occurred in the first half of August, with FIIs operating across the Indian market. During this period, total net sectoral inflows reached βΉ16,618 crore, showing a big shift in investor focus. The preference is heavily leaning towards financials, automobiles, and consumer services as defensive bets. This rotation suggests investors are moving away from riskier sectors like telecom and capital goods. π