By Ashley Coutinho A risk-off sentiment has gripped global equities as major central banks have stepped up their fight against rising inflation. In CY22, FPIs have offloaded the most in financial services and information technology stocks, sectors which together have about 50% weightage in key benchmark indices. Assets under custody of IT stocks have fallen 36% to $64.6 billion in the six months to June 30, 2022, while that of financial services firms have shrunk 15% to $162.7 billion, data from NSDL show. “FPI selling, trade imbalance and the strengthening seen in the dollar index have contributed to the fall …
