FPI Tracker: IT stocks see ₹17,000 crore outflows in February; Capital Goods, Financials lead inflows
Foreign Portfolio Investors (FPIs) sold Indian Information Technology (IT) stocks worth nearly ₹17,000 crore in February amid rising concerns about potential disruption from artificial intelligence (AI) in the sector. The Nifty IT index declined nearly 20% during the month. The sharp sell-off in IT stocks came even as overall foreign portfolio investment flows into the…