FPIs Exit Indian IT Stocks in July

  Published 10 months ago

FPIs dumped ₹19,901 crore in IT stocks in July, marking the biggest sectoral outflow since March 2022.

  • Nifty IT index slumped 9% in July, hit by weak results from TCS, HCLTech, and Tech Mahindra.
  • Analysts blame poor earnings, weak demand, and U.S.-India trade uncertainty for the FPI selloff.
  • Financials, oil & gas, realty, and auto sectors also saw FPI outflows, ending a four-month buying streak.

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