23/4/2025, 8:40:05 am

IT bore brunt of FPI pullout in April amid tariff turmoil

Foreign investors sold IT shares worth ₹13,828 crore between April 1-15, driven by US downturn concerns, after withdrawing ₹8,451 crore in March. The IT sector, heavily reliant on US orders, saw the highest outflows. Overall, foreigners sold ₹37,108 crore across 17 sectors in April, despite buying ₹31,877 crore in March, reflecting risk-off sentiment and valuation concerns.