Foreign Portfolio Investors (FPIs) continued their selling streak in Indian equities in May, with net outflows amounting to Rs 32,963 crore during the month, according to data shared by the National Securities Depository Limited (NSDL).

Analysis of granular data on FPIs shows that unregulated entities from tax havens have sold more than long-term investors

Foreign institutional investors continue their sell-off in Indian equities, withdrawing ₹34,469 crore in May 2026 amid poor market performance.