market

FPIs sell over Rs 31,000 crore shares of financial services, buy IT again


Mumbai: Financial services shares saw the highest selling by foreign funds across sectors in the second-half of January. Foreign investors dumped shares in the sector worth ₹31,261 crore between January 16 and 31 after buying worth ₹1,248 in the first-half of the month, as per data from National Securities Depository Limited (NSDL). The sector received record inflows worth ₹29,168 in December 2023.

Foreign portfolio investors (FPI) sold shares worth ₹41,926 crore across 14 sectors on average in the January 16-31 period. Other than financials, fast-moving consumer goods (FMCG), services, and metals were among the sectors that witnessed outflows.

FPIs Sell Over ₹31-k cr Shares of Fin Services, Buy IT AgainAgencies

The FMCG sector witnessed profit booking by foreign investors worth ₹2,016 crore between January 16 and 31, after inflows worth ₹495 crore in December 2023. They offloaded shares worth ₹2,006 crore and ₹1,949 crore in services and metals, respectively.

In the last 15 days of January, foreign investors turned sellers in the realty sector worth ₹595 crore, after being buyers worth ₹636 crore in the first-half of the month. The automobile sector witnessed additional outflows worth ₹437 crore, over ₹1,630 crore in the first 15 days of the month. The sector had seen foreign inflows worth ₹3,644 crore in December 2023.

(You can now subscribe to our ETMarkets WhatsApp channel)

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Readers Also Like:  VIDEO: Reports of 60:40's Death Have Been Greatly Exaggerated

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.