Explained: How foreign portfolio investors view the 'India story'

Long before the pandemic, foreign portfolio investors (FPIs earlier) regarded India as mostly a “financials” and “energy” markets. Not information technology, nor fast moving consumer goods (FMCG) and certainly not as an industrial powerhouse.  That impression continues. As of March 2021, in the NSE 500 universe, 50 per cent of FPI investment is in companies in the financials and energy sectors. Given the FPIs’ combined exposure to the Nifty 500 at 40.7 per cent, this is a big deal. If this is surprising, an NSE Market Pulse analysis out this Mond.....

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