In the early days of October, there was a notable retreat of foreign portfolio investors from several sectors, particularly in financial services and FMCG, which saw outflows of ₹8,634 crore and ₹8,172 crore respectively. Conversely, IT stocks caught a breath of investment, attracting ₹2,599 crore as they turned a new page in investor sentiment.
In the early days of October, there was a notable retreat of foreign portfolio investors from several sectors, particularly in financial services and FMCG, which saw outflows of ₹8,634 crore and ₹8,172 crore respectively. Conversely, IT stocks caught a breath of investment, attracting ₹2,599 crore as they turned a new page in investor sentiment.
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Mumbai: Foreign portfolio investors (FPIs) continued to sell shares across most sectors, including financial services, FMCG, auto, healthcare and telecom, during the first half of October, even as IT stocks attracted buying. Financial services saw the highest FPI outflows, at ₹8,634 crore, during first half of October, following sales of over ₹6,943 crore in the second half of September.FMCG and automobile stocks also saw heavy selling, with FPIs offloading shares worth ₹8,172 crore and ₹6,533 …
