New Delhi, March 9 -- Foreign portfolio investors (FPIs) have been relentlessly selling Indian equities since October last year, leaving the Indian stock market reeling under pressure.

Data show that FPIs sold off Indian equities worth Rs.15,502 crore in the cash segment from March 1st to the 7th after a Rs.58,988 crore selloff in February and Rs.87,375 crore in January. Overall, foreign institutional investors have sold off Indian equities worth about Rs.3.4 lakh crore in the cash segment since last October.

Financial services, fast-moving consumer goods (FMCG), automobile and auto components, construction materials, and oil and gas sectors saw significant outflows by foreign investors in February.

A confluence of factors triggered th...