FPIs buy ‘battered’ tech stocks after remaining sellers for a year

Between October 2021 and September 2022, FPIs were net buyers of IT stocks only in August 2022 when they bought shares worth ₹397 crore, show data compiled by primeinfobase.com. Between October 1 and 15, FPIs sold IT shares worth ₹1,665 crore. Investors have dumped IT stocks amid concerns over their prospects in the wake of fears about a recession in the US and Europe.

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