Foreign investors keep faith in 83 stocks despite prolonged India selloff

Foreign portfolio investors have favored 83 companies, including LIC, ONGC, and Indian Bank, over the past four quarters. Despite foreign investors selling nearly $28 billion of Indian stocks, some companies saw increased holdings. Large-cap firms like Lupin and SAIL attracted more interest from FPIs during this period. Recent concerns over crude oil prices and inflation impacted the sentiment of foreign…