Foreign institutional investors (FIIs) have turned net sellers in the last five trading sessions of this month. The selling by FIIs has touched Rs 15,863 crore in May, keeping market participants guessing for how long will the stake sale continue. On the other hand, domestic institutional investors (DIIs) bought securities worth Rs 11,057 crore in May, mitigating the effect of FII stake sale in the Indian equity market.
The sell-off by foreign investors intensified on May 8 (Wednesday) with sale of equities worth Rs 669.10 crore. DIIs were not too far behind with buying of securities worth Rs 5,929 crore in the cash market.
In April 2024 too, FIIs offloaded securities worth Rs 35,692 crore against buying of securities worth Rs 44,186 crore in the same period, according to NSE data.
FIIs have been net sellers in three out of four months this year. In March 2024, they turned net buyers with purchase of securities worth Rs…
