Over the last few months, Foreign Portfolio Investors (FPIs) have unremittingly been on a selling spree in the Indian equity market. Cumulatively, they have net sold to the tune of around Rs 1.46 lakh crore since October 2021. The month of May does not seem to be offering much respite, and thus, it appears that the well-known adage, “Sell in May and Go Away,” may hold true this time around.