FIIs sell consumer stocks despite GST2.0 boost to buy financials worth Rs 13,300 crore in October

Foreign institutional investors (FIIs) offloaded consumer-centric stocks worth Rs 9,477 crore in October, even as they poured Rs 13,279 crore into the financial space, data from ACE Equity showed. Interestingly, the selling in consumer stocks came despite the rollout of GST 2.0, a tax reform aimed at boosting consumption.