FIIs Remain Underweight in Software & Services By 4%

According to a report published by Emkay Global Financial Services, Foreign Institutional Investors (FII) are most interested in companies in the software and services and real estate sectors. 

For the fortnight April 16th - April 30th, 2021, the software and 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 per cent versus 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.