 "Most analysts expect the FPI flows into Indian equities to remain thin till the economic growth metrics show an improvement | Illustration by Binay Sinha")
A massive sell-off in equities by foreign portfolio investors (FPIs) to the tune of Rs 48,029 crore ($6.37 billion) in the March 2020 quarter has seen their ownership in Nifty50 companies decline to 23-quarter low of 23.11 per cent during the period. Earlier, in September 2014, FPIs held an average 22.94 per cent stake in Nifty 50 companies.
The S&P BSE Sensex slipped 28.6 per cent during the recently concluded quarter, while the Nifty which declined 29.3 per cent, recorded its sharpest quarterly fall since the June 1992 quarter when it had tanked 32.2 per cent. In 2008-09, the Sensex
