In March, FPIs sold Rs 6,027.8 crore ($637.3 million) of equities in the secondary market and made purchases worth Rs 2,055.2 crore ($236.1 million) in the primary market. For the fiscal year 2024-25 (April-March), they were net sellers of equities worth Rs 1,27,041 crore ($14,626 million) including primary and secondary markets. This was the second largest outflow following FY22 when they had sold equities worth Rs 1,40,010 crore ($18,468 million).

Compared with the FPIs, domestic funds showed a contrasting trend. Their net equity investment for the full month of March was Rs 9,147.6 crore, lower than Rs 13,516.6 crore that they had invested till March 07. This means the local funds offloaded equities in the remainder of the month even while their foreign counterparts increased buying during the period. Domestic funds invested a record Rs 4.7 lakh crore in equities in FY25.