Investors increase defensive bets amid volatility, taper concerns

Investors have increased their exposure to defensive stocks amid rising volatility and hawkish signals from global central banks. The weight of defensive sectors in the Nifty 50 index rose by 314 basis points over the past eight months to 37.4% in September 2021. It is just 27 basis points lower than the March 2020 level before the pandemic. In the pre-Covid period, the defensive sector weight was around 32%.

via Economictimes