Foreign portfolio investors pull out Rs 11k cr from energy, finance, IT

Turn their attention to capital goods, construction, FMCG, consumer durables in March

Foreign portfolio investors (FPI) pulled out Rs 11,000 crore from energy, finance and information technology stocks in the second half of March.

Companies operating in the oil, gas and consumable fuels space saw selling worth Rs 4,524 crore, followed by financial services (Rs 3,346 crore) and IT (Rs 3,133 crore), according to data collated by Primeinfobase.

Auto (Rs 439 crore) and telecommunication (Rs 268 crore) were the other sectors where foreign investors sold shares. FPIs sold shares worth Rs 4,638 crore on a net basis in the second fortnight of March.

In the energy sector, the selling was largely in