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FIIs dump financial, IT, construction, oil & gas, FMCG holdings in first half of May: Report

FIIs dump financial, IT, construction, oil & gas, FMCG holdings in first half of May: Report

May 23, 2024, at 01:02 am

Mumbai/IBNS: Foreign institutional investors (FIIs) sold over $3 billion (Rs 25,000 crore) in Indian equities in the first half of May, with National Securities Depository Limited (NSDL) data showing that more than 90 percent of the selling concentrated in five sectors, including Financial, Information Technology (IT), Construction, Oil and Gas, and Fast-Moving Consumer Goods (FMCG), media reports said.