Financials, FMCG lead FPI sell-off; IT stocks buck the trend in first half of October
A institutional flows development with market-wide reach.
· ET Stocks, Economic Times Markets
In the early days of October, there was a notable retreat of foreign portfolio investors from several sectors, particularly in financial services and FMCG, which saw outflows of ₹8,634 crore and ₹8,172 crore respectively. Conversely, IT stocks caught a breath of investment, attracting ₹2,599 crore as they turned a new page in investor sentiment.
The analysis
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it.
Why it matters
- Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
Market context
- Sectors in the story: Financial Services and FMCG.
Financial Services
1M -8.8% · 3M -14.9%
FMCG
1M -4.9% · 3M -10.7%
Sector moves are the average of the stocks we track in each sector.
In this story
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