Foreign Institutional Investors (FII) continued their selling spree in the Indian equity market, offloading shares worth Rs 26,610 crore across 16 sectors in the first half of February, according to NSDL data. Financial services bore the brunt of the outflows, followed by FMCG, capital goods, oil & gas, and consumer services. Meanwhile, selective buying was seen in telecom, healthcare, IT, and chemicals. The relentless foreign selling comes amid global risk-off sentiment, concerns over interest rates, and profit-booking post-Budget. Here’s a detailed look:
Solid & liquid: RBI lets cash flow into the financial system
The Reserve Bank of India, under Governor Sanjay Malhotra, is relaxing lending rules. This aims to boost economic growth as inflation cools. Policy rates have