Growing interest: FMCG, telcos on foreign portfolio investors hot list

Foreign portfolio investors (FPI) poured nearly Rs 30,000 crore in stocks of fast-moving consumer goods (FMCG), telecommunications, financial services and services sector during the first half of this month.

The FMCG sector saw buying worth Rs 11,180 crore followed by telecommunication at Rs 6,648 crore, according to data collated by Primeinfobase.

But analysts said that a large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore.