FIIs Buy Stocks Of Software, Real Estate Companies

As per a research report released by Emkay Global Financial Services, Foreign Institutional Investors showed maximum interest in Software & Services and Real Estate sector companies. For the fortnight April 16th - April 30th, 2021, the software & services and the real estate sector saw buying worth $281 million and $232 million respectively. It is worth noting that FIIs are underweight in Software & Services by 4% vs. MSCI weight.

On the other hand, FIIs turned sellers for the Materials sector last fortnight, with the highest sectoral outflow of $570mn. FIIs also continued selling in Banks and the Energy sector, with each seeing outflows in excess of $200mn.