The fast-moving consumer goods stocks witnessed second consecutive fortnightly outflows by overseas investors as foreign portfolio investors pulled $429 million from FMCG stocks during the first half of June, according to data released by National Securities Depsitories Ltd. on Thursday.
That was also the largest sectoral outflow in the period, according to data compiled by NDTV Profit via NSDL.
That came as the total FPI equity outflows stood at $627 million, as the benchmark Nifty fell 0.13% during the period. The 50-stock index was weighed down by Tata Steel Ltd. falling 5.52%, Titan Co. slipping 3.74%, and SBI Life declining 3.15% during the fortnight.
The FMCG selloff was followed by outflows of $362 million from power stocks, $220 million from consumer durables, and $199 million from information technology.
On the flip side, financial services saw the highest FPI equity inflow between June 1 and 15, totalling $544 million. The chemicals sector followed with $163 million in net inflows, while oil, gas and consumable fuels drew $139 million and capital goods received $138 million.
What FPIs Bought And Sold In June 1-15
To be sure, FPI data by individual stock is not disclosed by NSDL, BSE or NSE. Only sector-wise flows are released by NSDL. However, based on NSE bulk and block deal data, the following stock-level FPI actions were observed between June 1 and 15:
June 3
Yes Bank: Carlyle Group’s CA Basque Investments sold 41 crore shares (1.3%) at Rs 21.68 apiece.
Ola Electric Mobility: Hyundai Motor and Kia Corp sold over 13 crore shares combined. Citigroup bought 8.61 crore shares (1.95%).
Zinka Logistics Solutions: Quickroutes and Peak XV sold shares. Abu Dhabi Investment, ICICI Prudential MF, MIT, SBI MF, and Nomura India Stock Mother Fund were key buyers.
Aptus Value Housing Finance: Westbridge sold 6.19 crore shares (12.39%). SBI MF, Morgan Stanley Asia Singapore, Axis MF, and East Bridge Capital were among the buyers.
Bombay Dyeing: Baymanco bought 56 lakh shares; Bombay Burmah Trading sold the same.
June 4
Choice International: Societe Generale bought 11 lakh shares (0.49%) from BNP Paribas.
Tata Technologies: TPG Rise Climate sold 85.16 lakh shares (2.09%).
Indegene: CA Dawn Investments sold 2.44 crore shares (2.74%). East Bridge Capital and Societe Generale were among the buyers.
June 6
ZF Commercial: Wabco Asia sold 6 lakh shares (3.16%). Franklin Templeton, Sundaram MF, and Aditya Birla Sunlife MF were key buyers.
June 10
Premier Energies: South Asia Growth Fund II sold 2.5 crore shares (5.5%). Quant MF, PI Opportunities AIF V LLP, and SBI Life Insurance were among the buyers.
June 11
Aditya Birla Capital: Jomei Investments sold 2.34 crore shares (0.89%). Mirae Asset MF, Motilal Oswal MF, and Goldman Sachs Funds were among buyers.
Eternal: Marshall Wace sold 60.93 lakh shares; Societe Generale bought the same.
Marksans Pharma: Orbimed Asia sold 1.02 crore shares (2.26%). Unifi Capital, Unifi Blend Fund 2, and Societe Generale bought shares.
June 12
Eternal: Another 60.93 lakh shares changed hands between Marshall Wace and Societe Generale.
Shankara Building Product: Rajasthan Global Securities sold 1.53 lakh shares (0.63%). WTcNam Common Trust Funds Trust bought 1.36 lakh shares (0.56%).
June 13
Jubilant FoodWorks: Jubilant Consumer sold 1.06 crore shares (1.6%). ICICI Prudential Life, Kotak MF, and Morgan Stanley Asia Singapore were among buyers.
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