Foreign Institutional Investors (FIIs) have aggressively sold off Indian financial and IT stocks, withdrawing over Rs 60,000 crore in two months due to concerns about earnings recovery and global economic headwinds. This selloff extends beyond these sectors, impacting oil and gas, power, and consumer goods. Despite this, some experts remain optimistic about India’s long-term growth potential.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets