FIIs dump more than Rs 9,000 crore of equities in nine sessions

At 1245 hours, the Sensex slipped 2.3% at 26,815; the index has fallen 3.8% or 1,075 points from 27,890 on April 22.

Foreign institutional investors (FIIs), the main driver of the equity markets, have sold more than Rs 9,000 crore worth of equities in the last nine trading sessions.

Net investments by foreign investors in the equity market were Rs 8,551 crore ($ 1.35 billion) from April 22 to May 4, according to depository data. On May 5, the overseas investors sold shares worth an additional Rs 757 crore, as per stock exchange provisional data.

The FIIs were net sellers in Indian shares to the tune of Rs 3,018 crore ($474.7 million) on May 4, the biggest outflow since July 2, according to exchange data released yesterday. The FIIs figures for May 4 also included the data for April 30.

At 1245 hours, the BSE Sensex slipped 2.3% or 625 points at 26,815, and has fallen 3.8% or 1,075 points from 27,890 on April 22.

Meanwhile, since April 15, barring the big net inflows of Rs 16,353 crore on April 21 on account of FIIs buying Daiichi Sankyo’s 8.9% stake in Sun Pharmaceutical, the FIIs have been net sellers on the other 13 days.

The FIIs sold Indian equities amounting to a net Rs 11,717 crore over the last 14 trading sessions, excluding the investment linked to Sun Pharmaceutical.

During the period, the benchmark index has fallen 7.7% or 2,229 points from 29,044 on April 13. Among individual stocks from the 30-share Sensex, Sun Pharmaceutical, Wipro, Infosys, Dr Reddy’s Laboratories, Larsen & Toubro, HDFC and Hero MotoCorp have fallen more than 10% each.

Date	Net outflow*
22 Apr,2015	-853.18
23 Apr,2015	-84.75
24 Apr,2015	-722.32
27 Apr,2015	-1600.54
28 Apr,2015	-1519.35
29 Apr,2015	-752.86
04 May,2015	-3018.18
05 May,2015	-756.52
*Net outflow in Rs crore
Source: NSDL, BSE