Foreign portfolio investors (FPIs) have sold Indian equities worth $417.88 million in the last five trading sessions, bringing the total tally of outflow by foreign funds to $107.5 million so far in October, data obtained from Bloomberg show, reports fe Bureau in Mumbai. Foreign investors sold equities worth $1.7 billion and $1.1 bn in January and February, respectively. At the other end of the spectrum, March saw the highest inflows this year as foreign investors bought Indian equities worth $4.08 bn.
So far in 2016, India attracted foreign funds worth $7.4 bn, making the country the third-biggest destination for FPIs after Taiwan and South Korea, which have seen inflows of $14.6 billion and $ 9.7 bn,respectively. Thailand is ranked fourth with foreign inflows of $3.4 billion, followed by Indonesia, which received $2.5 bn.
The Sensex during the same period gained 7.50% and the Nifty50 was up by 9.40%.