FPIs Extend Sell-Off in August, Hit Financial and IT Stocks Hardest

Rapid Summary

• Foreign investors sold Indian equities worth ₹34,022 crore during the first half of August, primarily due to tariff uncertainty, weak rupee, and disappointing corporate earnings.
• Financial services stocks saw the highest selling at ₹13,471 crore in August’s first half; Information Technology (IT) stocks recorded foreign outflows of ₹6,380 crore.
• Other sectors witnessing divestment include oil & gas (₹4,091 crore), power and healthcare (₹2,000+ crore), realty/FMCG/consumer durables (₹1,000+ crore).
• In contrast to heavy selling across several sectors by foreign investors as July (~₹50k crores net outflows),overseas fund managers bought shares worth ₹13k crores: utilities attracts disproportionate amongst smaller capkey discretionary vs Goods.

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