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FIIs cut stakes in 7 Nifty IT stocks. Then the index surged 16% in July

Foreign investors reduced stakes in most Nifty IT stocks during the June quarter. Oracle Financial Services Software saw the largest foreign investor stake increase. Mutual funds also cut holdings in nine of ten Nifty IT companies. Some foreign investors now see opportunities in beaten-down IT valuations. Sector growth faces challenges from artificial intelligence and global economic factors.

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Economic TimesLean R·2h ago
FIIs cut stakes in 7 Nifty IT stocks. Then the index surged 16% in July
Foreign investors reduced stakes in most Nifty IT stocks during the June quarter. Oracle Financial Services Software saw the largest foreign investor stake increase. Mutual funds also cut holdings in nine of ten Nifty IT companies. Some foreign investors now see opportunities in beaten-down IT valuations. Sector growth faces challenges from artificial intelligence and global economic factors.
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FIIs cut stakes in 7 Nifty IT stocks. Then the index surged 16% in July

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