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Image Credit: Bloomberg Quint

Foreign Investors Pull $973 Million From Tech Stocks in March, Most in 11 Months

  • Foreign investors pulled $973 million from Indian information technology shares in March, marking the sector's worst monthly outflows in 11 months.
  • The selling was a result of expensive valuations, weak earnings, and policy uncertainties.
  • Foreign portfolio investors sold $14.5 billion worth of shares in the financial year ending March 2025, the highest annual outflows in three years.
  • The financial services sector attracted the highest FPI inflows in March at $1.67 billion, while the telecom sector received $360 million in inflows.

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