FIIs sold equities worth over Rs 40,000 crore in May, the largest so far in any month of 2024.

According to depository data, net FII outflow for the month till June 14 stood at Rs 3,064 crore.

Foreign investors had sold equity worth Rs 14,794 crore between June 3 and June 7.

Foreign investors are giving preference to debt market instead of equity.

Till June 14 this month, FIIs have invested Rs 5,700 crore in the debt market.

According to experts, 'The reason for FIIs investing more in the debt market is India's inclusion in the global bond index.'

FIIs have withdrawn Rs 26,428 crore from the Indian equity market. However, they have invested Rs 59,373 crore in the debt market so far in 2024.

The Indian stock market continues to rise. Last week, both Sensex and Nifty made new all-time highs of 77,145 and 23,490 respectively.

During this period, the Nifty Midcap and Smallcap indices gained about 4 per cent and 5 per cent respectively.