FPIs sold equities worth Rs 19,994 cr in 5 trading sessions in November

The Indian stock markets continue to feel the pressure from sustained selling by foreign portfolio investors (FPIs).

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According to the National Securities Depository Ltd (NSDL) data, FPIs have offloaded equities worth a significant Rs 19,994 crore in just the first five trading sessions of November, intensifying concerns about market stability.

The data also indicated that the highest single-day selling was recorded last Friday, with foreign investors selling shares worth Rs 5,635 crore.

This aggressive selling trend by FPIs has dragged down the major Indian indices, the Nifty 50 and Sensex, both of which have dropped by around 8 per cent since the beginning of this selling spree in October.

In October, FPIs marked their single highest monthly selling activity ever, with a record Rs 1,13,858 crore worth of shares sold through the exchanges.