FPIs sell Rs 21,745 crore in second half of Sep, in oil & gas, auto & financials
Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.
The surge in foreign portfolio investor selling, especially in financial, oil and gas, and auto stocks, could pressure Indian equity prices and signal shifting market sentiment.
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.
Foreign portfolio investors are overseas funds that buy and sell Indian stocks, and their large inflows or outflows often influence market liquidity and price trends.
- •Monitor the Jio Platforms IPO and its impact on telecom stock positioning
- •Watch for further sector-specific outflows or inflows as investors rebalance portfolios
- •Track any policy or economic data releases that could affect foreign investor sentiment