Small and midcap stocks have fared better than the blue-chip stocks, broader market indices seem to be supported by the Auto & ancillary, Banking stocks, and Pharmaceutical sectors, says Garg.
FIIs reduce stake consistently in 40 largecaps in 2020: Time to book profit?
Experts are of the view that FIIs have largely reduced stake to book profits as broader markets underperformed in the last two years and much of the allocation was into largecaps. December 30, 2020 / 09:56 AM IST
Foreign investors (FIIs), which were net buyers in Indian markets in 2020, reduced stake in more than 40 largecaps stocks with a market-capitalisation of more than Rs 20,000 crore, data from AceEquity showed.
FIIs have turned net buyers of Indian equities worth more than Rs 1 lakh crore, and most of the money went into the small & midcap space.