FPIs load up on energy stocks while overall selloff continues
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
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.