New Delhi, July 25 -- Overseas investors remained net sellers for the fifth consecutive session on Friday, July 25, pulling out another Rs.1,980 crore from the Indian stock market. This took their cumulative five-day selling to Rs.13,551 crore and pushed their total monthly outflows to Rs.30,562 crore so far.

After three months of sustained buying, overseas investors resumed their selling spree in July amid a lack of clarity surrounding the India-US trade deal, stretched valuations, and a tepid start to the June quarter earnings, prompting them to stay away from local equities and look instead at other Asian markets where valuations appear more attractive compared to India.

In addition, the strengthening US dollar and elevated US bond y...