FIIs Are Selling, But Who Are These Sellers?

Foreign-investor selling has been one of the major reasons behind the major slump in Indian equities. In the last five months, the Indian benchmark — NSE Nifty 50 — has dropped nearly 20% in dollar terms, while the broader indices have slipped anywhere between 25% and 30%.In these last five months, the FIIs have sold nearly $37 billion of Indian equities. In the previous month, the FIIs were net sellers at Rs 34,574 crore. In the 20 ...