FPIs sell Rs 21,745 crore in second half of September across sectors

Foreign portfolio investors experienced significant selling of Indian equities during the latter half of September, offloading shares worth Rs 21,745 crore. Financial stocks bore the brunt of the sell-off, accounting for approximately Rs 6,943 crore in outflows.

Oil and gas and automobile sectors also witnessed notable selling pressure as investors engaged in profit-taking and portfolio rebalancing. Telecom stocks faced additional selling ahead of the upcoming Jio Platforms IPO, as investors repositioned their holdings.