Foreign Portfolio Investors have resorted to heavy selling in the cash markets, net selling to the tune of Rs 30,334 crores in the first thirteen days of March.
Until March 13, they net bought shares aggregating Rs 66,304 crores and sold shares aggregating Rs 96,639 crores, resulting in a net sale to the tune of Rs 30,334 crores.
In the month of February as well they had resorted to selling, though the intensity was much less. They net sold in the markets to the tune of Rs 12,684 crores only.
It is likely that for the next few days in the week as well, we might see selling pressure from Foreign Portfolio Investors, even as domestic institutions step up their purchases.