FPIs dump Rs 22,789 crore in August, financials and IT hit hard

Foreign investors heavily sold Indian equities in August, withdrawing over ₹80,000 crore in July and August combined. Financial services faced the brunt, with ₹9,817 crore offloaded in the second half of August, following ₹13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling ₹4,905 crore in the latter half after an earlier sell-off.