As per data foreign portfolio investors have sold shares worth Rs. 28,260.50 crore since the formation of government.

While India might get occasional inflows, India Ratings noted that global capital inflows are unlikely to pick up sustainably.

Only IT and Healthcare stocks were able to buck the trend on account of a sharp weakening in the rupee.

FPIs withdrew amount of Rs 17,592.28 crore from equities and pumped in a net sum of Rs 11,672.26 crore in debt segment.

FM Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

According to depositories data, foreign portfolio investors withdrew a net amount of Rs 12,105.33 crore from equities.

Sitharaman said she was confident of meeting the fiscal deficit target of 3.3 pc of GDP considering the trend in revenue collections.

Surcharge on long and short term capital gains from transfer of equity shares has been withdrawn, said FM Nirmala Sitharaman.

FPIs seeking a tax cut and automakers demanding easier access to finance for dealers and buyers flocked to lobby FM Nirmala Sitharaman.

Participants are also awaiting measures from the government to boost growth and revive consumer sentiment, experts added.