The hot money that foreign investors poured into the Indian markets is flowing at a rate never seen in recent history. FIIs have sold Indian shares worth a record Rs 4.38 lakh crore in the last 16 months (see graphic), net sales of over Rs 1,300 crore on an average each trading day since April 1, 2021. There was a significant drop in sales in July but there is no conclusive sign of a trend reversal yet. “continuous sales