Business

FPIs load up on energy stocks while overall selloff continues

By Dan Neff

The equity value of energy stocks in the FPI portfolio rose by 7% year-to-date to $ 70.3 billion, while the total portfolio value dropped by 5.3% to $ 618 billion.

Synopsis

​​They purchased $ 412 million (Rs 3,100 crore) worth of oil and gas stocks during the period while maintaining their selling stance in most of the other sectors. This was also the biggest inflow in a sector during the said fortnight.

ET Intelligence group: Foreign portfolio investors (FPIs) showed renewed interest in the domestic oil and gas stocks in the last fortnight of March amid firm energy prices, notwithstanding their broader market selling.

They purchased $412 million (Rs 3,100 crore) worth of oil and gas stocks during the period while maintaining their selling stance in most of the other sectors. This was also the biggest inflow in a sector during the said

BY

ET Bureau

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Dan Neff