Mumbai: Overseas investors sold Indian equities worth ₹33,995 crore across 14 sectors between October 16 and 31, according to data from NSDL. Oil & gas witnessed the highest foreign outflows as investors sold ₹9,073 crore in the second half after selling over ₹12,000 crore in the first-half of the month.From January to September, overseas investors pulled ₹10,724 crore out of the shares in the sector."Apart from the volatility in crude oil prices, a major part of selling in the oil & gas sector was likely due to the energy stocks being widely held by foreign investors who sold India last month," said Sriram Velayudhan, senior vice president, IIFL Securities.Foreign investors renewed buying interest in the healthcare and power sectors, purchasing ₹2,321 crore and ₹1,168 crore in the second half of the month, after selling over ₹2,000 crore in both sectors in the first half of the month.Foreign investors pulled ₹1.04 lakh crore out of Indian equities in October - their highest-ever selling in a month - as a rebound in Chinese equities and a slowdown in domestic corporate earnings have lowered their appetite for stocks here115067023The unrelenting foreign selling extended to fast-moving consumer goods (FMCG) and consumer services sectors as these investors dumped shares worth over ₹4,000 crore each in the second half of October. In the first half of October global investors sold sharwes worth ₹6,818 crore and Rs 4,633 crore in the sectors, respectively.In the second half of October, foreign investors sold shares worth over ₹2,000 crore in construction, financial services, automobiles & auto components, consumer durables and construction materials.
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