FPIs sell Rs 21,745 crore in second half of September, oil & gas, auto & financials lead outflows

What happened: Foreign portfolio investors sold Rs 21,745 crore in the second half of September, with oil and gas, auto and financial stocks leading outflows. Key numbers: Total FPI selling was Rs 21,745 crore. Financial stocks saw the highest selling at about Rs 6,943 crore, versus Rs 6,204 crore in the first half. Why it matters: Telecom, metal, consumer durables and capital goods also saw FPI selling. Telecom stocks saw some profit-taking after a significant rerating, according to Turakhia.

Foreign portfolio investors sold Rs 21,745 crore in the second half of September, with oil and gas, auto and financial stocks leading outflows.

Telecom, metal, consumer durables and capital goods also saw FPI selling. Telecom stocks saw some profit-taking after a significant rerating, according to Turakhia.