FPIs Sell Rs 21,745 Crore in Late September, Financials Lead
Foreign portfolio investors sold Indian equities worth Rs 21,745 crore in the second half of September. Financial stocks saw the highest outflows of about Rs 6,943 crore. Significant selling also occurred in oil and gas and auto sectors due to profit-taking and portfolio rebalancing. Telecom stocks faced profit-taking ahead of the Jio Platforms IPO, impacting investor positions.
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