FII selling crosses $1 billion in 3 sectors this month. Who's scaring big money?

Foreign institutional investors (FIIs) continue to be net buyers in Indian stocks this month, favoring financials and IT. However, oil and gas, auto, and FMCG sectors witnessed a combined $1 billion outflow. Rising bond yields and a strengthening US dollar contributed to recent selling pressure, impacting FII activity as the year ends.