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FPIs net sellers for 2nd consecutive month; pull out Rs 1,730 crore in May

In April, the total net outflow from the Indian capital markets (both equity and debt) stood at Rs 9,435 crore.

May 30, 2021 / 02:56 PM IST
Representative Image.

Representative Image.

Foreign portfolio investors (FPI) turned out to be net sellers for second month in a row by taking out nearly Rs 1,730 crore from Indian markets in May as second wave of the coronavirus pandemic spooked investor sentiment.

In April, the total net outflow from the Indian capital markets (both equity and debt) stood at Rs 9,435 crore.

According to depositories data, overseas investors withdrew Rs 3,375.2 crore from equities but invested Rs 1,645.8 crore in the debt segment between May 1 and May 28.

This took the total net outflow to Rs 1,729.4 crore.