FPI buying in Indian IT rises to highest since 2022 in July, shows data
Foreign portfolio investors (FPIs) net bought Indian IT stocks worth Rs 11,763 crore ($1.40 billion) in July, data from National Securities Depository (NSDL) showed, the highest since a new sectoral classification was implemented in 2022.
The NSDL had re-classified sectors in April 2022, trimming the total number of sectors from 35 to 22 after India’s stock exchange NSE and BSE adopted a common industry classification system.
