Foreign Portfolio Investors (FPIs), who started the year with strong buying interest in Indian equities, continued to be net sellers in the Indian equity cash market this week, offloading equities to the tune of ₹12,200 crore (about $1.5 billion) over the last three trading sessions (truncated week).
This came on top of the net equity sales worth ₹24,715 crore in the four trading sessions from January 17 in the previous week, data with depositories showed.
FPIs have only been net sellers in each of the seven trading sessions since January 17, resorting to aggregate net selling of Indian equities worth ₹36,915 crore.
So far this month, FPIs have been net sellers to the tune of ₹27,664 crore. This is in sharp contrast to the trend in December 2023 which saw a record FPI inflow of ₹66,134 crore.
The FPI selling spree this month was largely prompted by the…
