FPIs turn net sellers of equity, offloaded over 10K cr, in last 7 sessions

FPIs sold a net sum of Rs 10,525 crore in equities between August 9 and August 21

Foreign Portfolio Investors (FPIs) have turned net sellers of Indian equities in the past seven trading sessions, offloading a net amount of over Rs 10,000 crore.

According to depository data, FPIs sold a net sum of Rs 8,542 crore in equities between August 9 and August 18.  As per stock exchanges provisional data, they sold another Rs 1,983 crore on Monday, August 21, translating into a total net outflow of Rs 10,525 crore.

During the period, the benchmark S&P BSE Sensex corrected 755 points or 2.3% to close at 31,259 on yesterday. Total market capitalization of BSE traded