Foreign portfolio investors sold shares valued at ₹64,761 crore in the first half of June, marking the highest monthly outflow since March. The selling was led by financial services and oil and gas sectors amid rising oil prices.
The outflows hit financial services the hardest, followed by oil, gas, and consumable fuels. Automobile and information technology stocks also faced notable selling pressure.
Concerns over elevated oil prices and the potential effects of Artificial Intelligence on technology revenues were cited as key factors behind the moves. The data reflects activity tracked through depositories such as NSDL.
This continued selling spree comes as global oil markets remain volatile, influencing investor sentiment across multiple sectors in India.