New Delhi, April 2 -- Foreign institutional investors (FIIs) carried out their largest sell-off in the Indian stock market in March, as the country remains especially vulnerable to rising crude oil prices amid the escalating conflict in the Middle East.

In the cash segment, FIIs have sold equities worth Rs.1.22 lakh crore for the month of March, which has been the highest ever selling on a monthly basis. This kind of selling was last seen in October 2024, when FIIs offloaded Indian stocks worth Rs.1.14 lakh crore.

FIIs were net sellers on every single trading session in March, which tells you this was not tactical profit-booking but a structural reallocation away from India and emerging markets more broadly, said Sachin Sawrikar, Managi...