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Oil And Gas Stocks See $5.4 Billion Foreign Exodus Ahead Of Gloomy Earnings
Information technology stocks continued to be the favourite among FIIs as they bought stocks worth $1 billion in December.
06 Jan 2025, 05:54 PM IST 
Global funds sold oil and gas stocks worth $1.2 billion in December. (Photo Source: ONGC’s Twitter handle)
India's oil and gas stocks saw outflows worth $5.4 billion from global funds in the last three months of 2024 as muted third-quarter earnings loom for these giants. Global funds sold oil and gas stocks worth $1.2 billion in December after having offloaded $1.5 billion in the previous month, according to the data from National Securities Depository Ltd. This was the fourth consecutive month of outflows for the sector. In October, FPIs...
