FIIs were the gross buyer of shares worth Rs 1,583.39 crore, while they sold equities valued at Rs 2,809.88 crore, resulting in a net sell of Rs 1,226.49 crore, according to the provisional data available with the Bombay Stock Exchange.
However, domestic institutional investors (DII) took the opportunity to buy shares and made a net investment of Rs 460.32 crore in the markets.
On Friday, overseas investors had made a net investment of Rs 1,030.70 crore in the domestic markets, the latest data available with the market regulator Securities & Exchange Board of India (SEBI) shows.
In today's trade, brokers on behalf of their clients were seen optimistic as they made a net investment of Rs 360.33 crore in the stock makers.
Meanwhile, proprietors and non-resident Indians booked profit and in total pulled out a net Rs 181.41 crore, as per the BSE data.
The Sensex, which notched up nearly a 1.71 per cent gain in the previous week, plunged by 626.71 points at 14,784.92, the biggest fall since July 6, the day the Union Budget was presented.