Finance, durables stocks see maximum FPI selling in last fortnight of Feb

Outflow from two of India's largest sectors in terms of market cap shows FPIs remain in 'sell' mode: Experts

Financial services and consumer durable companies accounted for most of the selling by foreign portfolio investors (FPI) in the last fortnight of February. FPIs sold finance stocks worth Rs 2,263 crore and consumer durable stocks worth Rs 1,111 crore, according to data collated by Prime Infobase.

Information technology (selling worth Rs 708 crore), metals and mining (Rs 694 crore), and power (Rs 497 crore) were the other sectors where overseas funds sold shares.

On the other hand, FPIs bought shares of services firms worth Rs 2,250 crore, energy companies worth Rs 1,290 crore and capital goods stocks worth Rs 1,155