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

Foreign investors offloaded shares worth a staggering ₹64,761 crore in the first half of June, the highest since March, driven by elevated oil prices. Financial services saw the largest outflows, followed by oil, gas, and consumable fuels. Automobile and IT sectors also experienced significant selling pressure, with concerns over oil prices and AI's impact on tech revenues cited as key reasons.