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:
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff.