The Economic Times

FPIs dump Rs 31,831 crore in financials as total outflows hit Rs 52,703 crore in a fortnight

Foreign portfolio investors pulled out Rs 52,703 crore from Indian equities in the first half of March, with financials bearing the brunt. Broad-based selling, rising crude oil prices and geopolitical tensions weighed on markets, while select inflows into capital goods and metals indicate continued interest in domestic capex and infrastructure themes.