Apart from TCS and Reliance, heavy selling was also seen in financial stocks. FIIs sold around ₹9,375 crore in ICICI Bank, reducing their stake from 46.8% to 45.6%. Other big names in the list are HDFC, Kotak Mahindra Bank, Infosys and Axis Bank, where foreign investors have reduced their stake. A major investment of Rs 9,854 crore also went out from Zomato (Eternal), due to which their stake came down from 42.3% to 39%. Due to this selling there was a big fall in the prices of shares like TCS, HCL Tech and Infosys.
