FPIs dump Indian IT stocks worth Rs 72,000 cr in 2022 over recession fears

Mumbai: Foreign portfolio investors (FPIs) consistently reduced their exposure to Indian IT stocks in 2022, while they bought shares of metals, mining, constrictions, and oil & gas during the year, according to data compiled by Primeinfobasel.com. FPIs’ exposure to IT sector as on December 31 fell to 10.45% of their total investment here from 15.43% a year ago after they sold shares such as Infosys