When Will FII Selling Abate?

The frontline equity indices in India have receded by nearly 4 per cent since reaching their lifetime high in mid-September. Despite this decline, India continues to be among the top-performing global indices within major economies. The recent downturn can be attributed to sustained selling by foreign institutional investors (FIIs) with ₹45,122 crore worth of domestic equity offloaded from September until now. The cautious stance adopted by foreign institutional investors stems from the global scenario, making them net sellers for the third consecutive month, until November 10.