IT stocks lead FII outflows worth Rs 2,725 crore in late May. Banks, auto also among party poopers

Foreign Institutional Investor activity slowed down in late May. Key sectors like IT and financial services saw significant pullbacks. There was a notable sell-off in auto and auto components. However, FMCG and construction sectors experienced a turnaround. Overall, May marked the second consecutive month of FII buying. But, year-to-date, FIIs remain net sellers. Capital goods also saw increased investment.