FPIs dump financial services stocks worth $6.6 billion in 2024 as sector looks less rosy
FPIs dump financial services stocks worth $6.6 billion in 2024 as sector looks less rosy
FPIs have been net sellers of financial services stocks in six out of eight fortnights since the start of 2024. Consequently, the weight of the financial services sector dropped to a multi-year low of 28.28% on May 15.
Synopsis
National Securities Depository Ltd (NSDL) data showed foreign portfolio investors (FPIs) sold financial services stocks worth $6.6 billion (₹55,000 crore) since the start of this calendar year, nearly two-and-a-half times total outflows during the same period a year earlier.
3 mins read, Last Updated: May 27, 2024, 05:28:00 AM IST
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