Banks, autos, FMCG & pharma see big investment moves by FIIs, DIIs

Private and public sector banks, metals, automobiles and pharmaceuticals, among other sectors, saw additional flows from domestic and foreign institutional investors during the September quarter, data compiled by Edelweiss Securities has revealed.

The larger part of action revolved around banks, two-wheelers, FMCG, pharmaceuticals, gas distribution and midcap IT names.

DIIs rose their holdings in private banks, PSU banks, metals & auto, while FIIs increased exposure to the pharmaceutical space. They tread with caution in private banks, two-wheelers and FMCG names as well.

FIIs also added gas distribution players, while DIIs reduced holdings in them.

[“source=marketingweek]