FIIs Withdraw Rs 37,000 Crore in Largest 25-Year Sell-Out, Sensex Falls 5,100 Points

Foreign Institutional Investors (FIIs) have withdrawn over Rs 37,000 crore from Indian equities, leading to a significant decline in the Sensex by about 5,100 points over the last six trading sessions. This sell-off is attributed to a shift towards China's rebounding markets, which have been attracting global funds. Indian funds have been buying more than $1 billion of shares daily for three consecutive sessions through Monday to help absorb the large sales by foreign investors. This marks the largest net sell-off of Indian equities by global funds in 25 years since January 1, 1999.