FIIs were gross buyers of equities worth Rs. 13,253 crore and sellers of stocks to the tune of Rs. 14,921 crore till February 7, resulting in net outflow of Rs. 1,668 crore ($266 million), according to the data of market regulator Sebi.
Analysts have also said that the market would not witness strong inflows till the general elections, scheduled for May, are completed in India and the further pumping in of money by FIIs would depend on the formation of the new government.
Overseas investors have also withdrawn Rs. 1,829 crore from the debt market this month so far. With the latest pull-out, FIIs investment in the bonds stood at Rs. 10,780 crore since the beginning of 2014.
In 2013, overseas investors infused a net amount of Rs. 1.13 lakh crore ($20.10 billion) in equities, while they pulled out a net of Rs.50,847 crore ($8 billion) from the bond market.
As of February 7, the number of registered FIIs in the country stood at 1,727 and the total number of sub-accounts was at 6,371.