FPIs sell Rs 21,745 crore in second half of Sep, in oil & gas, auto & financials

Foreign portfolio investors sold a significant amount of Indian equities in the second half of September, totaling Rs 21,745 crore. This sell-off was led by financial stocks, with investors withdrawing around Rs 6,943 crore from these sectors. The oil and gas, auto, and telecom sectors also experienced notable selling, likely due to profit-taking and portfolio rebalancing. This increase in selling activity by FPIs may impact the Indian market, particularly in the sectors that saw significant outflows.

Why it matters

Foreign portfolio investors are selling Indian equities, particularly in the oil and gas, auto, and financial sectors. This could lead to a decrease in foreign capital inflows and a negative impact on the Indian stock market.

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