FPIs sold $3.7 billion (Rs 28,000 crore) of Indian financial services stocks over the past month accounting for nearly 45% of their total outflow, data from NSDL show. Overseas investors, who constitute about one-fifth of India's total market capitalization, sold Indian equities worth $8.4 billion (Rs 64,000 crore) between February 15 and March 15, 2022.