# Financials, FMCG lead FPI sell-off; IT stocks buck the trend in first half of October — retained record

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-10-23 00:15 ingested 2026-10-23 02:56

[original source ↗](https://economictimes.indiatimes.com/markets/stocks/news/fpis-pull-out-rs-8634-crore-from-financials-buy-it-stocks/articleshow/135130464.cms)

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FMCG and automobile stocks also saw heavy selling, with FPIs offloading shares worth ₹8,172 crore and ₹6,533 crore, respectively, in the first half of October. This compared with sales of ₹972 crore in FMCG and ₹3,542 crore in auto stocks during the second half of September.
Healthcare and telecom stocks saw FPI selling of ₹5,497 crore and ₹3,928 crore, respectively, during the first half of October. Capital goods, metals and oil and gas stocks also witnessed outflows of ₹3,886 crore, ₹3,693 crore and ₹3,689 crore, respectively.
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IT stocks, however, bucked the trend. FPIs bought shares worth around ₹2,599 crore in the sector during the first half of October, after selling around ₹1,000 crore in September, amid a sell-off in AI-related stocks elsewhere in Asia on concerns over the durability of their recent rally. In August, FPIs were buyers of IT stocks of around ₹4,103 crore, while in July they bought around ₹3,358 crore.
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"Investors found value in Indian IT stocks as valuations moved closer to or below their long-term averages," said Kranthi Bathini, equity strategist at WealthMills Securities. He said some IT companies had reported encouraging results.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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