Foreign Portfolio Investors (FPIs) turned net sellers in the Indian equity markets this week, offloading shares valued at Rs 4,784.32 crore between May 19 and 23, as per data released by the National Securities Depository Ltd (NSDL).

This wave of selling has significantly dented the overall net inflows for May. As of this week, total FPI investment for the month has dropped to Rs 13,835 crore, a decline from the Rs 18,620 crore recorded the previous week. This reflects that nearly Rs 4,800 crore was withdrawn by foreign investors over just five trading sessions.