- FPIs (Foreign Portfolio Investors) have sold over Rs 5,800 crore in Indian equity this month, continuing a trend of withdrawals since September.
- October witnessed a withdrawal of Rs 24,548 crore, while September saw Rs 14,767 crore being pulled out by FPIs.
- Before the recent outflows, FPIs had consistently invested in Indian equities, bringing in Rs 1.74 lakh crore from March to August.
- The selling trend is attributed to rising interest rates and geopolitical tensions, particularly the conflict between Israel and Hamas.
- Despite the ongoing selling trend, experts suggest a potential reversal as the US Federal Reserve signals a dovish stance.