FPIs train guns on financial services stocks in Sept, shows data

IT stocks saw maximum selling by FPIs in the last fortnight at about Rs 3,998 crore, weighing on its performan

More than one-third of the foreign portfolio investor (FPI) flows into the equity markets in the first two weeks of September went to the financial services stocks. They attracted flows worth Rs 5,335 crore, while fast-moving consumer goods (FMCG) stocks got Rs 1,997 crore, data collated by primeinfobase.com revealed.

During the first half of the ongoing month, FPIs bought shares worth Rs 12,763 crore.  As of September 15, 2022, FPI allocation towards the financial services sector rose to 31.94 per cent, from 31.69 per cent, at the end of August 2022.

In August, FPIs had invested Rs 12,799 crore in