financial services sector in August, 2024

FPI sell off big financial  services sector in August, 2024

During the first half of August, foreign investors sold shares in financial services companies worth ₹14,790 crore, marking the highest selling by FPIs across sectors for this period. According to data from the National Securities Depository Ltd (NSDL), FPIs offloaded shares totaling ₹28,642 crore across 15 sectors from August 1 to 15.

Analysts noted that the BFSI sector, where FPIs hold significant exposure, was primarily impacted as investors decided to reduce their India exposure.

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