As per the latest depositories data, foreign portfolio investors (FPIs) pulled out a net sum of Rs 367.30 crore from equities and Rs 888.19 crore from the debt market during May 2-3, taking the total net outflow to Rs 1,255.49 crore.
Markets were closed on May 1 on account of Maharashtra Day.
"It is too early to take a call on the trend in May. It is possible that FPIs might pause a bit in view of the election outcome," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
Indian capital markets have been receiving their share of the capital flows into the emerging markets after leading central banks of the world took a dovish monetary stance, experts said.
Vidya Bala, Head - Mutual Funds Research at FundsIndia, said, "In April FPI inflows into India were less robust than March, coming on the back of continuing rise in crude. FPIs continued buying selectively in banking and financial services and specifically in insurance sector besides oil and gas and utilities, according to data from NSDL."
However, the month of May could see some volatile movements as election results come out. The currently weak macro-economic numbers too will be further watched, she added.