New Delhi: The offloading of stocks by Foreign Portfolio Investors (FPIs) have continued in October, with financial services seeing the highest FPI outflows at Rs 8,634 crore during the first half of October, reported Economic Times.The Fast-moving Consumer Goods (FMCG) and automobile stocks also saw heavy selling, with FPIs selling shares with Rs 8,172 crore and Rs 6,533 crore, respectively in these sectors during the same period.“Rising US Treasury yields, elevated crude oil prices and currency uncertainty were among the factors weighing on foreign investor sentiment. In India, financials, consumption and autos are facing scrutiny over earnings growth, funding costs and valuations,” Vishad Turakhia, CEO of Equirus Securities told Economic Times.The offloading of shares by FPIs also didn’t spare the healthcare and telecom sectors, with FPIs selling shares worth Rs 5,497 crore and Rs 3,928 crore, respectively, during the first half of October.Similarly, FPIs also offloaded capital goods, metals and oil and gas shares worth Rs 3,886 crore, Rs 3,693 crore and Rs 3,689 crore, respectively.In recent months, FPIs offloading shares worth thousands of crores has been a constant phenomenon.The Wire had earlier reported that FPIs had taken out more than Rs 1 trillion from Indian equities in the first half of the ongoing financial year 2026-27 while shifting investments across sectors and to AI-heavy markets such as South Korea and Taiwan. The sale of Rs 256.62 billion is the highest monthly outflow in six months.The financial sector has been hurt the most from the FPI selloff, recording outflows worth Rs 47,030 crore between April and September 15.