FIIs Back India's Consumer Sectors in July, Shifting Away from Capex-Driven Investments

Summary

Foreign investors returned to Indian equities in July, showing a preference for defensive sectors like consumer services, healthcare, and consumer durables, which attracted Rs 25,298 crore. This shift indicates a stronger focus on domestic consumption and discretionary growth rather than capital expenditure-driven sectors, as capital goods, telecom, and automobiles faced significant selling.