FPIs in selloff overdrive, dump record Rs 31,831 cr in finservs

Foreign portfolio investors cut exposure to financial services in the first half of March, pulling out ₹31,831 crore, the highest-ever fortnightly selling in the sector, NSDL data show. The outflow comprised 60% of overseas investors' outflows of ₹59,382 crore across 16 sectors in the period, marked by a risk-off mood amid the West Asia conflict. The overall selling this fortnight is the highest since the second half of October 2024, when foreigners sold to the tune of ₹71,500 crore.