New Delhi, June 23 -- Foreign Institutional Investors (FIIs) have been net sellers in the cash market for three consecutive months, following a brief period of net buying in February, according to BSE data.

However, on 19 June, FIIs purchased equities worth Rs.31,442.87 crore and sold shares worth Rs.26,583.80 crore, leading to net inflows of Rs.4,859.07 crore. This marked their highest single-day net buying since February 3, when they had recorded provisional net purchases of about Rs.5,236 crore, according to exchange data.

The shift in sentiment comes on the back of tax relief measures and supportive actions by the Reserve Bank of India and FTSE rejig, which have boosted investor confidence and encouraged greater participation in the...