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FPIs net sellers for 3rd straight month in May

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As per depositories data, FPIs infused a net ₹14,569 crore into equities but pulled out a net ₹21,935 crore from the debt segment between May 1-29 NEW DELHI : Overseas investors remained net sellers for the third consecutive month in May, pulling out ₹7,366 crore from the Indian capital markets as they stayed risk averse amid the COVID-19 crisis.

As per depositories data, foreign portfolio investors (FPIs) infused a net ₹14,569 crore into equities but pulled out a net ₹21,935 crore from the debt segment between May 1-29.

This translates into a cumulative net outflow of ₹7,366 crore in May. Prior to this, FPIs had net withdrawn a record ₹1.1 lakh crore in March and ₹15,403 crore in April.

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