FIIs don’t care whether it’s capex or consumption stocks. Selling spree hits most sectors
Foreign institutional investors (FIIs) have been rapidly offloading Indian equities, with February seeing notable sell-offs in sectors like capital goods, FMCG, financials, and oil & gas. Factors such as high valuations, attractive US bond yields, and Indian tax regimes are driving this exodus, significantly impacting market dynamics.
In global markets, the most obvious AI plays remain significantly overvalued, leading to profit-taking in those stocks. “As investors seek alternative ways to capitalize on AI growth, the Indian IT sector appears attractive."
Read Dr. Vikas Gupta's quote in Economic Times.
