scorecardresearchFPIs sold ₹16,000 crore worth of IT stocks, 12,000 crore worth of Financial stocks in May: Report

FPIs sold 16,000 crore worth of IT stocks, 12,000 crore worth of Financial stocks in May: Report

Updated: 09 Jun 2022, 09:16 AM IST
TL;DR.
Some sectors that saw buying as far as FPIs are concerned. They bought 2656 crore worth of services sector stocks, followed by 2307 crore worth of power sector stocks. Chemicals, capital goods, and forest materials also saw some buying.
In 2021, the Nifty IT index increased by 59 per cent, owing to substantial earnings growth for IT companies.

In 2021, the Nifty IT index increased by 59 per cent, owing to substantial earnings growth for IT companies.