Foreign investors offloaded shares worth a staggering ₹64,761 crore in the first half of June, the highest since March, driven by elevated oil prices. Financial services saw the largest outflows, followed by oil, gas, and consumable fuels. Automobile and IT sectors also experienced significant selling pressure, with concerns over oil prices and AI's impact on tech revenues cited as key reasons.
Foreign Portfolio Investors (FPIs) sold Indian equities worth ₹64,761 crore in the first half of June, marking the highest outflow since March. Financial services, oil & gas, auto, and IT sectors were most impacted. Rising oil prices and AI's potential impact on tech revenues…
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