As foreign funds took out over $6.6 billion (Rs 48,000 crore) from the Indian market during January-March, domestic funds — which saw Rs 8,500 crore coming in through the systematic investment plan (SIP) route every month — cushioned that selling to a large extent. With net buying of over $10 billion (Rs 73,500 crore), the domestic funds countered the outflow by foreign portfolio investors (FPIs), but the leading indices closed about 29 per cent lower, a report by Motilal Oswal Financial Service ..
