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FMCG, power and consumer durables stocks bore brunt of FPI selling
FPIs were net sellers (buying-selling) of FMCG stocks worth Rs 3,626 crore, power stocks worth Rs 3,120 crore, and consumer durables shares worth Rs 1,893 crore
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Fast-moving consumer goods (FMCG), power and consumer durables stocks bore the brunt of foreign portfolio investor (FPI) selling in the first two weeks of June. FPIs were net sellers to the tune of ₹5,404 crore on the first fortnight of June. FPIs were net sellers (buying-selling) of FMCG stocks worth ₹3,626 crore, power stocks worth ₹3,120 crore, and consumer durables shares worth ₹1,893 crore. Information technology (₹1,713 crore), and consumer services (₹1,461 crore) were the other sectors where FPIs sold heavily.
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