MUMBAI, May 24 -- Foreign Portfolio Investors (FPIs) turned net sellers in the Indian equity markets this week, offloading shares worth Rs 4,784.32 crore between May 19 and May 23, according to data released by the National Securities Depository Ltd (NSDL).

This selling has significantly reduced the net inflows for the month of May. As of this week, the total FPI investment in May stands at Rs 13,835 crore, down from Rs 18,620 crore recorded till the previous week.

This indicates that nearly Rs 4,800 crore of investments were pulled out by foreign investors in just five trading sessions.

The sharpest selling was witnessed on Wednesday, May 21, when FPIs sold shares worth over Rs 10,000 crore in a single day. However, the week had start...