Telecom, financial, and services sectors attracted substantial institutional interest last month, with strong inflows from both mutual funds and foreign investors, underscoring a month of heavy institutional activity of over Rs 78,500 crore in total during May - highest since the September last year, as block deal activities surged.
According to ACE Equities, mutual funds invested over Rs 5,730 crore in telecom stocks, while NSDL data shows that FIIs contributed more than Rs 8,089 crore into the sector. Financial services attracted the largest share of mutual funds inflow at Rs 17,370 crore while FIIs added Rs 4,028 crore.
