From HDFC Life to ITC, here're 10 stocks that FPIs bought and sold the most

There has been a brisk rally in these stocks, despite a weakness in the broader market

After accumulating Indian stocks for four consecutive quarters during FY21, foreign portfolio investors (FPIs) turned net sellers in the first quarter of FY22 and continue to withdraw capital from the Indian market.

The FPI holding in India’s top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India’s top listed companies in at least three years.

A general sell-off by FPIs has weighed on stock