FII strategy is focussed more on country-specific factors rather than sectoral prospects within a country. That’s why they adopted the ‘Sell India, Buy China’ strategy in Jan and February. During these 2 months, FIIs sold financial services for Rs 15,744 crores. Now, pursuing the ‘Sell China, Buy India’ strategy, the same FIIs have bought stocks in financial services for Rs 19,229 crores in June alone and this buying trend continues,Vijayakumar said.
Big movers on D-Street: What should investors do with Welspun Corp, Vipul Organics and HDFC Bank?
Stocks that were in focus include names like Welspun Corp, which rose 2.81%, Vipul Organics, which gained 19.56%, and Welspun Corp, whose shares fell 2.8%