FPIs Sell Rs 30,000 Crore in 8 Sectors in September, But Capital Goods and IT See Inflows

FPIs sold shares worth Rs 30,000 crore in 8 sectors in September with power, metals & mining, oil & gas, and FMCG seeing the biggest outflows.

Capital goods saw inflows for the 8th straight month as infrastructure outlook remains robust; IT saw inflows for the 3rd straight month.

Financial services saw net inflows in September after heavy outflows in August.

Analysts expect more outflows in the near term due to global risks, but are positive on India's growth prospects in the medium to long term.

India seen as a preferable emerging market bet given better macroeconomic conditions compared to other economies.