FIIs sold Rs 13,147 crore of financial stocks in September
In short
Foreign investors sold Rs 13,147 crore of financial services stocks in September. The Economic Times says that was more than a third of their total equity selling that month.
Banks and financial stocks have been the biggest target of foreign selling this year, with Rs 1.15 lakh crore sold so far. The report does not say why the selling is happening.
What the reporting says
FIIs sold Rs 13,147 crore worth of financial services stocks in September, and the segment made up more than a third of their total equity outflow that month. Economic Times summaries say banks and financials have been the biggest target of foreign selling this year, with FIIs offloading Rs 1.15 lakh crore from the sector so far. The reporting does not explain the trigger for the selling.
Why it matters
The Economic Times summaries say FIIs sold Rs 13,147 crore of financial services stocks in September and have sold Rs 1.15 lakh crore from banks and financials so far this year. That points to sustained pressure on Indian financial stocks from foreign investors. The available reporting does not identify any specific bank, fund, or policy reason for the outflows.