According to data compiled by ET Bureau from NSDL, foreign investors pulled out a significant Rs 32,411 crore from Indian equities across 19 sectors between March 1 and 15. The outflows were concentrated in key large-cap sectors, indicating a shift in foreign investor sentiment amid global economic uncertainty.The information technology (IT) sector saw the highest outflows at Rs 6,934 crore, reversing its positive inflows of Rs 805 crore in February. Despite foreign investors pumping over Rs 14,000 crore into IT stocks in 2024, recent concerns around potential US tariff actions and global macroeconomic headwinds have weighed on the sector: Here is what other sectors witnessed:
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable