Mumbai, Nov 11 || While foreign institutional investors (FIIs) returned as net buyers in October, BFSI (banking, financial services, and insurance) and Oil and Gas sectors led inflows, seeing investments worth $1,501 million and $1,030 million, respectively, a report said on Tuesday.
In October, both FIIs and DIIs were net buyers — to the tune of $1.3 billion and $6.0 billion, respectively — as the Nifty increased by 4.5 per cent last month, according to the report from brokerage firm JM Financial Institutional Securities.
Sectors that saw the high FII inflows included metals, telecom, auto, and power sectors recorded inflows of $355 million, $243 million, $110 million, and $109 million, respectively, the report added.
FMCG experienced the highest FII outflows at $482 million, followed by services at $391 million, pharma at $351 million, IT at $248 million, durables at $198 and chemicals at $105 million, it noted.