India, Dec. 15 -- A leading business newspaper did an interesting calculation. It stated that foreign institutional investors sold equities worth more than INR 2.23 lakh crore in the secondary market in this calendar year (January 1-December 14). This worked out to a net selling of INR 900 crore a day based on the number of days the stock exchanges were open. In other words, it translated into sales of just over INR 150 crore an hour based on the number of hours they were open. Such a pace, added the newspaper, had never been witnessed before, ever since foreign investors were allowed to directly invest in Indian equities. There were days, weeks, and months when hectic selling took place. But it was never so sustained, regular, consistent...