< -5%

-5% to -3%

Winsol Engineer

Epack Prefab

HM Electro Mech

Larsen

Oval Projects

Techno Electric

Sattva Engineer

-3% to 0%

Shashijit Infra

GRANDOAK

Gayatri Highway

Goel Constructi

Mayasheel Vent

Madhav Infra Pr

Lakshya Power

Mega Nirman

0% to 3%

Giriraj Civil D

Globe Civil Pro

3% to 5%

Ircon Internati

VSF Projects

Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech, Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore, DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

* Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech
* Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore
* DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

shorts/business/goldman-sachs-dsp-mf-schroder-societe-generale-among-7-investors-buy-over-1-stake-in-policybazaar-from-tencent-for-rs-695-crore

* Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech
* Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore
* DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

Goldman Sachs, DSP Mutual Fund, Schroder, and Societe Generale among seven foreign and domestic institutional investors have acquired over 1 percent stake in the Policybazaar promoter from Tencent Cloud Europe via open market transactions on March 6.

<a href="https://www.moneycontrol.com/india/stockpricequote/multiline-insurancebrokers/pbfintech/PF14">PB Fintech</a> shares fell 3.01 percent to Rs 1,428.4, the lowest closing level since March 17, 2025 on the NSE.

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator on Friday, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore.

The transaction price for block deals was Rs 1435.1 per share.

On the contrary, total seven investors picked up the entire shares sold by Tencent with Goldman Sachs Bank Europe being the largest investor amongst them buying 12.65 lakh shares for Rs 181.6 crore.

This follows Mirae Asset Mutual Fund which acquired 9 lakh shares in PB Fintech for Rs 129.15 crore, while Societe Generale - ODI has bought 7 lakh shares for Rs 100.45 crore.

And the remaining 19.74 lakh shares worth Rs 283.38 crore were purchased by DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.

Amongst them, Tata Mutual Fund, and Mirae Asset MF already held 1.1 percent and 1.63 percent stake, respectively in PB Fintech as of December 2025.

Meanwhile, some action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/shankarabuildpro/SBL06">Shankara Buildpro</a>, which shares jumped 3.58 percent to Rs 1,001.8. 360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials, and home improvement products supplier for Rs 16.22 crore. The buying price was Rs 998.61 per share.

However, <a href="https://www.moneycontrol.com/india/stockpricequote/textiles-processing/ganeshaecosphere/GP01">Ganesha Ecosphere</a> was under pressure on Friday, plunging 8.36 percent to Rs 706.4 amid high volumes, may be after more than one percent stake offloaded by DSP Mutual Fund.

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share. However, India Capital Management through India Capital Fund has acquired 2.34 lakh shares for Rs 17.97 crore at same price.

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Tencent halves Policybazaar stake; Goldman Sachs, DSP MF among top buyers

Goldman Sachs, DSP Mutual Fund, Schroder, and Societe Generale among seven foreign and domestic institutional investors have acquired over 1 percent stake in the Policybazaar promoter from Tencent Cloud Europe via open market transactions on March 6.

PB Fintech shares fell 3.01 percent to Rs 1,428.4, the lowest closing level since March 17, 2025 on the NSE.

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator on Friday, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore.

The transaction price for block deals was Rs 1435.1 per share.

On the contrary, total seven investors picked up the entire shares sold by Tencent with Goldman Sachs Bank Europe being the largest investor amongst them buying 12.65 lakh shares for Rs 181.6 crore.

This follows Mirae Asset Mutual Fund which acquired 9 lakh shares in PB Fintech for Rs 129.15 crore, while Societe Generale - ODI has bought 7 lakh shares for Rs 100.45 crore.

And the remaining 19.74 lakh shares worth Rs 283.38 crore were purchased by DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.

Amongst them, Tata Mutual Fund, and Mirae Asset MF already held 1.1 percent and 1.63 percent stake, respectively in PB Fintech as of December 2025.

Meanwhile, some action was also seen in Shankara Buildpro, which shares jumped 3.58 percent to Rs 1,001.8. 360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials, and home improvement products supplier for Rs 16.22 crore. The buying price was Rs 998.61 per share.

However, Ganesha Ecosphere was under pressure on Friday, plunging 8.36 percent to Rs 706.4 amid high volumes, may be after more than one percent stake offloaded by DSP Mutual Fund.

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share. However, India Capital Management through India Capital Fund has acquired 2.34 lakh shares for Rs 17.97 crore at same price.

InterGlobe Aviation shares drop 3% due to West Asia tensions., Brokerages warn of earnings pressure due to fuel costs, flight cuts., IndiGo cancelled 500+ flights due to US-Iran hostilities.

* InterGlobe Aviation shares drop 3% due to West Asia tensions.
* Brokerages warn of earnings pressure due to fuel costs, flight cuts.
* IndiGo cancelled 500+ flights due to US-Iran hostilities.

InterGlobe Aviation shares fell over 3% as brokerages warned of earnings pressure from West Asia tensions, higher fuel costs, and flight cancellations. UBS cut its target price, citing risks from crude prices and rupee depreciation, but retained a ‘buy’ rating.

shorts/business/west-asia-war-impact-indigo-shares-decline-3-as-multiple-brokerages-flag-pressure-on-airline-s-earnings

* InterGlobe Aviation shares drop 3% due to West Asia tensions.
* Brokerages warn of earnings pressure due to fuel costs, flight cuts.
* IndiGo cancelled 500+ flights due to US-Iran hostilities.

Shares of InterGlobe Aviation, the parent of IndiGo, fell over 3 percent intraday on Friday after multiple brokerages flagged potential pressure on the airline’s earnings amid tensions in West Asia.

The decline snapped the previous session’s gains, when the stock had settled nearly 3 percent higher. However, the stock is down 9.5 percent this week.

<a href="https://www.moneycontrol.com/india/stockpricequote/transportlogistics/interglobeaviation/IA04">InterGlobe Aviation</a> shares ended 2.28 percent lower at Rs 4,410 per share after brokerage J.P. Morgan highlighted earnings headwinds from higher fuel costs and a moderation in international air traffic linked to the Middle East crisis.

Global brokerage UBS said the airline’s earnings remain sensitive to the ongoing military action between the United States and Iran. According to the brokerage, the hostilities are likely to weigh on the carrier’s available seat kilometre (ASK) in the near term, NDTV Profit reported, citing UBS.

Available seat kilometre is a measure of passenger carrying capacity calculated by multiplying the number of available seats by the kilometres flown.

UBS retained a ‘buy’ rating on the stock but cut its target price by nearly 13 percent to Rs 5,480 from Rs 6,170. The brokerage said a rise in crude oil prices poses additional risk to the company’s earnings. It also noted that depreciation of the rupee against the US dollar could create medium-term headwinds.

On Wednesday, the airline said it had cancelled more than 500 flights to West Asia and other select international destinations amid the hostilities between the US and Iran.

Earlier, on March 4, the low-cost carrier said it had cancelled over 500 overseas flights between February 28 and March 3 due to the ongoing tensions in the Middle East. On that day, the company’s stock was trading 4.6 percent lower at Rs 4,310.4 per share.

"If these cancellations persist for seven days, we estimate they will erase about Rs 32 crore of IndiGo’s profit before tax, equal to about 6 percent of profit before tax in the fourth quarter," HSBC analysts led by Parash Jain said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

West Asia war impact: IndiGo shares decline 3% as multiple brokerages flag pressure on airline's earnings

Shares of InterGlobe Aviation, the parent of IndiGo, fell over 3 percent intraday on Friday after multiple brokerages flagged potential pressure on the airline’s earnings amid tensions in West Asia.

The decline snapped the previous session’s gains, when the stock had settled nearly 3 percent higher. However, the stock is down 9.5 percent this week.

InterGlobe Aviation shares ended 2.28 percent lower at Rs 4,410 per share after brokerage J.P. Morgan highlighted earnings headwinds from higher fuel costs and a moderation in international air traffic linked to the Middle East crisis.

Global brokerage UBS said the airline’s earnings remain sensitive to the ongoing military action between the United States and Iran. According to the brokerage, the hostilities are likely to weigh on the carrier’s available seat kilometre (ASK) in the near term, NDTV Profit reported, citing UBS.

Available seat kilometre is a measure of passenger carrying capacity calculated by multiplying the number of available seats by the kilometres flown.

UBS retained a ‘buy’ rating on the stock but cut its target price by nearly 13 percent to Rs 5,480 from Rs 6,170. The brokerage said a rise in crude oil prices poses additional risk to the company’s earnings. It also noted that depreciation of the rupee against the US dollar could create medium-term headwinds.

On Wednesday, the airline said it had cancelled more than 500 flights to West Asia and other select international destinations amid the hostilities between the US and Iran.

Earlier, on March 4, the low-cost carrier said it had cancelled over 500 overseas flights between February 28 and March 3 due to the ongoing tensions in the Middle East. On that day, the company’s stock was trading 4.6 percent lower at Rs 4,310.4 per share.

&quot;If these cancellations persist for seven days, we estimate they will erase about Rs 32 crore of IndiGo’s profit before tax, equal to about 6 percent of profit before tax in the fourth quarter,&quot; HSBC analysts led by Parash Jain said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Railway PSU shares rose after IRCON-RVNL merger proposal., IRCON shares jumped over 11 percent, RVNL up 3.17 percent., Private railway stocks like Jupiter Wagons rose over 15 percent.

* Railway PSU shares rose after IRCON-RVNL merger proposal.
* IRCON shares jumped over 11 percent, RVNL up 3.17 percent.
* Private railway stocks like Jupiter Wagons rose over 15 percent.

Railway PSU shares surged up to 11% after reports of a proposed merger between IRCON International and Rail Vikas Nigam Limited by the Ministry of Railways. Other rail stocks and private railway firms also saw gains following the news.

shorts/business/railway-psu-shares-rally-up-to-11-on-report-of-mega-rvnl-ircon-merger

* Railway PSU shares rose after IRCON-RVNL merger proposal.
* IRCON shares jumped over 11 percent, RVNL up 3.17 percent.
* Private railway stocks like Jupiter Wagons rose over 15 percent.

Railway PSU shares rose up to 11 percent on Friday after a report said that the Ministry of Railways has moved a formal proposal to merge IRCON International Limited with Rail Vikas Nigam Limited (RVNL). Citing sources, PSU Connect reported that the Ministry of Railways has made a formal proposal to merge IRCON International with RVNL.

However, IRCON has clarified in an exchange filing that "the company is not engaged in any such discussions or negotiations."

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/irconinternational/II07">IRCON</a> shares were trading more than 11 percent higher at Rs 148.75 per share on the NSE at around 1:30 pm, while those of <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">RVNL</a> climbed 3.17 percent to Rs 288.10 per share.

Other rail stocks like RailTel, RITES, IRFC were trading 4.2 percent, 3.5 percent and 1.5 percent higher, respectively.

IRCON is an engineering and construction corporation specialising in transport infrastructure. It has a significant international presence, having completed over 900 projects across 31 countries, including Southeast Asia and the Middle East. It is a Navratna PSU.

RVNL is the dedicated execution arm of the Ministry of Railways for project implementation. It is primarily a domestic powerhouse responsible for over 25% of India's railway electrification. It is also a Navratna PSU.

The rub-off effect was also seen in shares of the private railway firms as well.

Jupiter Wagons was up more than 15 percent at Rs 293.35 per share, while Texmaco Rail &amp; Engineering shares climbed nearly 6 percent. Titagarh Rail Systems shares were up 5 percent at Rs 690.80 per share on the NSE.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Railway PSU shares rally up to 11% on report of mega RVNL-IRCON merger

Railway PSU shares rose up to 11 percent on Friday after a report said that the Ministry of Railways has moved a formal proposal to merge IRCON International Limited with Rail Vikas Nigam Limited (RVNL). Citing sources, PSU Connect reported that the Ministry of Railways has made a formal proposal to merge IRCON International with RVNL.

However, IRCON has clarified in an exchange filing that &quot;the company is not engaged in any such discussions or negotiations.&quot;

IRCON shares were trading more than 11 percent higher at Rs 148.75 per share on the NSE at around 1:30 pm, while those of RVNL climbed 3.17 percent to Rs 288.10 per share.

Other rail stocks like RailTel, RITES, IRFC were trading 4.2 percent, 3.5 percent and 1.5 percent higher, respectively.

IRCON is an engineering and construction corporation specialising in transport infrastructure. It has a significant international presence, having completed over 900 projects across 31 countries, including Southeast Asia and the Middle East. It is a Navratna PSU.

RVNL is the dedicated execution arm of the Ministry of Railways for project implementation. It is primarily a domestic powerhouse responsible for over 25% of India's railway electrification. It is also a Navratna PSU.

The rub-off effect was also seen in shares of the private railway firms as well.

Jupiter Wagons was up more than 15 percent at Rs 293.35 per share, while Texmaco Rail &amp;amp; Engineering shares climbed nearly 6 percent. Titagarh Rail Systems shares were up 5 percent at Rs 690.80 per share on the NSE.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Defense stocks rise for second session amid West Asia conflict., Mazagon Dock Shipbuilders up 6.92%, highest in 9 months., Nifty Defence Index up 3%, 17 stocks in green.

* Defense stocks rise for second session amid West Asia conflict.
* Mazagon Dock Shipbuilders up 6.92%, highest in 9 months.
* Nifty Defence Index up 3%, 17 stocks in green.

Defence stocks surged for a second day, with Nifty Defence Index up over 3% amid West Asia tensions. Mazagon Dock and Garden Reach Shipbuilders led gains. Investor interest rose due to geopolitical uncertainty, boosting prospects for defence companies.

shorts/business/bel-grse-other-defence-shares-rise-up-to-7-amid-escalating-west-asia-conflict

* Defense stocks rise for second session amid West Asia conflict.
* Mazagon Dock Shipbuilders up 6.92%, highest in 9 months.
* Nifty Defence Index up 3%, 17 stocks in green.

Defence shares extended gains for the second straight session on Friday, supported by strong buying amid the ongoing conflict in West Asia.

Shares of Bharat Electronics Ltd (BEL), Garden Reach Shipbuilders &amp; Engineers Ltd and Mazagon Dock Shipbuilders were among the key gainers.

The Nifty Defence Index rose over 3 percent during the session, after advancing 2.5 percent in the previous trading session.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/ship-building/mazagondockshipbuilders/MDS01">Mazagon Dock Shipbuilders</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/gardenreachshipbuildersengineers/GRS01">Garden Reach Shipbuilders &amp; Engineers</a> climbed 6.92 percent and 6.14 percent, respectively, making them among the top gainers on the index.

Shares of Mazagon Dock Shipbuilders rose the most in nine months.

Meanwhile, Defence Minister Rajnath Singh said Garden Reach Shipbuilders &amp; Engineers has been given special focus so that the country’s industrial ecosystem becomes strong and futuristic.

Out of the 18 constituents of the Nifty Defence Index, 17 were trading in the green, while one stock was in the red. The only exception was Cyient DLM.

Escalating tensions involving Iran, Israel and the United States have renewed investor interest in defence companies.

Heightened geopolitical uncertainty typically increases focus on defence preparedness among countries, which can drive demand for equipment such as missiles, surveillance systems, drones, ammunition and radar systems. This often leads to buying in defence-linked stocks on expectations of higher orders and improved business prospects.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

BEL, GRSE, other defence shares rise up to 7% amid escalating West Asia conflict

Defence shares extended gains for the second straight session on Friday, supported by strong buying amid the ongoing conflict in West Asia.

Shares of Bharat Electronics Ltd (BEL), Garden Reach Shipbuilders &amp;amp; Engineers Ltd and Mazagon Dock Shipbuilders were among the key gainers.

The Nifty Defence Index rose over 3 percent during the session, after advancing 2.5 percent in the previous trading session.

Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders &amp;amp; Engineers climbed 6.92 percent and 6.14 percent, respectively, making them among the top gainers on the index.

Shares of Mazagon Dock Shipbuilders rose the most in nine months.

Meanwhile, Defence Minister Rajnath Singh said Garden Reach Shipbuilders &amp;amp; Engineers has been given special focus so that the country’s industrial ecosystem becomes strong and futuristic.

Out of the 18 constituents of the Nifty Defence Index, 17 were trading in the green, while one stock was in the red. The only exception was Cyient DLM.

Escalating tensions involving Iran, Israel and the United States have renewed investor interest in defence companies.

Heightened geopolitical uncertainty typically increases focus on defence preparedness among countries, which can drive demand for equipment such as missiles, surveillance systems, drones, ammunition and radar systems. This often leads to buying in defence-linked stocks on expectations of higher orders and improved business prospects.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Foreign investors sold Rs 17000 crore in IT stocks in February, FII holdings in IT stocks hit a 4-year low after sharp selloff, Capital goods and auto stocks saw strong FII buying in February

* Foreign investors sold Rs 17000 crore in IT stocks in February
* FII holdings in IT stocks hit a 4-year low after sharp selloff
* Capital goods and auto stocks saw strong FII buying in February

Foreign investors sold Rs 17,000 crore in IT stocks in February amid AI concerns, dropping holdings to a four-year low. Major IT firms saw sharp declines. FIIs shifted focus, buying capital goods, auto, construction, metals, financial services, and power stocks.

shorts/business/fiis-dump-rs-17000-crore-in-it-stocks-in-february-amid-ai-concerns

* Foreign investors sold Rs 17000 crore in IT stocks in February
* FII holdings in IT stocks hit a 4-year low after sharp selloff
* Capital goods and auto stocks saw strong FII buying in February

Foreign investors sold nearly Rs 6,000 crore worth of IT stocks in the second half of February after offloading around Rs 11,000 crore in the first half of the month, as concerns over the impact of generative artificial intelligence triggered a sharp selloff in the sector.

The heavy selling came amid fears that rapid advances in generative AI could reduce demand for large-scale, human-led coding and IT support services, which remain a key revenue driver for India’s software exporters.

Combined selling by FIIs in IT stocks during February stood at nearly Rs 17,000 crore. Despite the sector-specific selling, FIIs remained net buyers in Indian equities overall, purchasing around Rs 15,250 crore during the month.

Following the selloff, FIIs’ combined investment in IT stocks declined to about Rs 4.18 lakh crore at the end of February, the lowest level in four years. This represents a 21.8 percent drop from Rs 5.34 lakh crore at the end of January 2026, according to NSDL data.

Foreign investors have been consistently reducing exposure to IT stocks since the start of 2025, with cumulative selling of about Rs 74,698 crore during the period. Details of stock-wise stake reductions are expected to be disclosed in the March quarter shareholding patterns.

FII holdings in IT stocks had stood at a record Rs 7.3 lakh crore at the beginning of 2025. With the recent decline in stock prices alongside continued selling, the value of these holdings has fallen about 42.8 percent.

The decline in stock prices during February has been sharp across major IT companies. Infosys fell 20.4 percent during the month, while TCS dropped 18 percent and HCL Technologies declined 20.1 percent. Tech Mahindra fell 23.5 percent, Persistent Systems lost 23 percent, and Wipro declined around 17.4 percent. The Nifty IT index dropped 20.8 percent during the same period.

Apart from IT, FIIs also reduced exposure to a few other sectors in the second half of February. They sold shares worth Rs 5,238 crore in consumer services and Rs 1,775 crore in telecom stocks. FMCG stocks saw selling of around Rs 769 crore, while chemicals and consumer durables witnessed selling of over Rs 350 crore each.

At the same time, several sectors saw strong buying interest from foreign investors in the latter half of the month. Capital goods and auto stocks attracted the highest inflows, with FIIs purchasing shares worth Rs 4,103 crore and Rs 3,075 crore respectively in the second half of February, following purchases of Rs 8,032 crore and Rs 511 crore in the first half.

Construction and metals stocks also saw buying of Rs 2,742 crore and Rs 2,359 crore respectively during the second half, after inflows of Rs 1,745 crore and Rs 3,279 crore in the first half of the month. Financial services and power stocks attracted buying of Rs 2,243 crore and Rs 1,234 crore respectively in the second half of February, after inflows of Rs 6,175 crore and Rs 3,272 crore during the first half.

<img class="alignnone size-full wp-image-13852123" src="https://images.moneycontrol.com/static-mcnews/2026/03/20260305131518_Sectorwise-FII-flows-050326.jpg" alt="Sectorwise FII flows 050326" width="700" height="944" />

FIIs dump Rs 17,000 crore in IT stocks in February amid AI concerns

Foreign investors sold nearly Rs 6,000 crore worth of IT stocks in the second half of February after offloading around Rs 11,000 crore in the first half of the month, as concerns over the impact of generative artificial intelligence triggered a sharp selloff in the sector.

The heavy selling came amid fears that rapid advances in generative AI could reduce demand for large-scale, human-led coding and IT support services, which remain a key revenue driver for India’s software exporters.

Combined selling by FIIs in IT stocks during February stood at nearly Rs 17,000 crore. Despite the sector-specific selling, FIIs remained net buyers in Indian equities overall, purchasing around Rs 15,250 crore during the month.

Following the selloff, FIIs’ combined investment in IT stocks declined to about Rs 4.18 lakh crore at the end of February, the lowest level in four years. This represents a 21.8 percent drop from Rs 5.34 lakh crore at the end of January 2026, according to NSDL data.

Foreign investors have been consistently reducing exposure to IT stocks since the start of 2025, with cumulative selling of about Rs 74,698 crore during the period. Details of stock-wise stake reductions are expected to be disclosed in the March quarter shareholding patterns.

FII holdings in IT stocks had stood at a record Rs 7.3 lakh crore at the beginning of 2025. With the recent decline in stock prices alongside continued selling, the value of these holdings has fallen about 42.8 percent.

The decline in stock prices during February has been sharp across major IT companies. Infosys fell 20.4 percent during the month, while TCS dropped 18 percent and HCL Technologies declined 20.1 percent. Tech Mahindra fell 23.5 percent, Persistent Systems lost 23 percent, and Wipro declined around 17.4 percent. The Nifty IT index dropped 20.8 percent during the same period.

Apart from IT, FIIs also reduced exposure to a few other sectors in the second half of February. They sold shares worth Rs 5,238 crore in consumer services and Rs 1,775 crore in telecom stocks. FMCG stocks saw selling of around Rs 769 crore, while chemicals and consumer durables witnessed selling of over Rs 350 crore each.

At the same time, several sectors saw strong buying interest from foreign investors in the latter half of the month. Capital goods and auto stocks attracted the highest inflows, with FIIs purchasing shares worth Rs 4,103 crore and Rs 3,075 crore respectively in the second half of February, following purchases of Rs 8,032 crore and Rs 511 crore in the first half.

Construction and metals stocks also saw buying of Rs 2,742 crore and Rs 2,359 crore respectively during the second half, after inflows of Rs 1,745 crore and Rs 3,279 crore in the first half of the month. Financial services and power stocks attracted buying of Rs 2,243 crore and Rs 1,234 crore respectively in the second half of February, after inflows of Rs 6,175 crore and Rs 3,272 crore during the first half.

Engineering & Construction Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Tencent halves Policybazaar stake; Goldman Sachs, DSP MF among top buyers

West Asia war impact: IndiGo shares decline 3% as multiple brokerages flag pressure on airline's earnings

Railway PSU shares rally up to 11% on report of mega RVNL-IRCON merger

BEL, GRSE, other defence shares rise up to 7% amid escalating West Asia conflict

FIIs dump Rs 17,000 crore in IT stocks in February amid AI concerns

Engineering & Construction Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Tencent halves Policybazaar stake; Goldman Sachs, DSP MF among top buyers

West Asia war impact: IndiGo shares decline 3% as multiple brokerages flag pressure on airline's earnings

Railway PSU shares rally up to 11% on report of mega RVNL-IRCON merger

BEL, GRSE, other defence shares rise up to 7% amid escalating West Asia conflict

FIIs dump Rs 17,000 crore in IT stocks in February amid AI concerns

Engineering & Construction Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.