New Delhi, March 19 -- Foreign Portfolio Investors (FPI) heavily dumped financial services stocks in the first half of March, amid heightened global geopolitical tensions and a weakening rupee driven by rising crude oil prices in the backdrop of the escalating US-Iran conflict.

According to data from the National Securities Depository Limited (NSDL), FPIs offloaded financial services stocks worth Rs.31,831 crore between March 1 and 15. This sharp reversal follows net buying of Rs.8,418 crore in the sector in February.

Overall, FPI outflows from the Indian stock market stood at Rs.52,704 crore during the first fortnight of March 2025. The selling pressure intensified further, with total outflows reaching Rs.77,214 crore as of March 18 - ...