FPIs sell Rs 21,745 crore in second half of September, oil & gas, auto & financials lead outflows
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Foreign portfolio investors sold Rs 21,745 crore in Indian equities during the second half of September.
- ✓Financial stocks led the outflows at Rs 6,943 crore, while oil, gas, and auto sectors also saw heavy selling.
- ✓Experts said the trend reflects profit-taking and portfolio rebalancing as investors focus on current valuations.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Synopsis
Foreign portfolio investors experienced a significant increase in selling Indian equities during the latter half of September. Financial stocks led the sell-off, with the highest outflows totaling around ₹6,943 crore. Oil and gas and auto sectors experienced notable selling, reflecting profit-taking and portfolio rebalancing. Telecom stocks faced profit-taking ahead of the upcoming Jio Platforms IPO, influencing investor positions.
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Mumbai: Foreign portfolio investors (FPIs) stepped up selling in Indian equities in the second half of September, with financial, oil & gas, auto, telecom and metal stocks bearing the brunt of the outflows. FPIs sold ₹21,745 crore during September 16-30, after selling ₹14,116 crore in the first half of the month.
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The Economic Times
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