GK and monthly revision

FPIs continue selling spree in first half of June; financials, oil & gas hit hardest

In the first half of June 2023, Foreign Portfolio Investors (FPIs) sold shares worth ₹64,761 crore, marking the highest outflow since March. The financial services sector faced the most significant impact, followed by oil, gas, and consumable fuels. This trend highlights concerns over elevated oil prices and the potential effects of artificial intelligence on technology revenues, indicating a shift in investor sentiment that could affect market stability and economic growth.