New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly due to a stronger US dollar, sticky inflation, especially in the food sector, and poll result concerns over 10 days . More are expected to go up in May, with foreign investors selling Indian shares worth Rs 28,242 crore, latest data from National Securities Depository Ltd (NSDL) showed. Even in April, FPIs were net sellers in Indian stocks as the ongoing geopolitical crisis in the Middle East forced investors to pull out money from their portfolios, leading FPIs to become net buyers for the third straight month till mid-April. Rahe, said stocks worth Rs 8,671 crore were sold cumulatively till the end of the month, adding, "The main trigger for FII selling has been the outperformance of the Hang Seng index, which has been in the red in the past one month," NSDL data showed. It has increased by 19.33 percent during this period." “Moving money from expensive markets like India to cheaper markets like Hong Kong where the PE (price-to-earnings ratio) is around 10 compared to the PE of around 20 in India,” said VK Vijayakumar, chief investment strategist at Geoji Financial Services. There is likely to be a dramatic change in FPI equity flows in response to the election results.Political stability will attract heavy inflows, with FPIs aggressively selling Indian stocks and becoming net sellers in January 2024. Then the buyer. In February and March, they were net buyers. Interestingly, at a time when foreign investors had remained net sellers in Indian equities for the past several sessions, domestic institutional investors remained net buyers, offsetting the withdrawals of foreign investors. . FPIs deposited stocks worth Rs 66,135 crore in December. Historical data available on the NSDL website shows that FPI inflows in November stood at Rs 9,001 crore.To put it in context, the entire year saw inflows of about Rs 171,107 crore and notably, more than a third of this came in December. Strong inflows of funds from foreign portfolio investors (FPIs) then helped the benchmark stock indices rise towards all-time highs. Before November, FPI participation in Indian stocks was low, and they had become net sellers. They posted sales of Rs 14,768 crore and Rs 24,548 crore in September and October respectively.