<ul><li>Foreign investors withdrew shares worth Rs 58,711 crore in October due to geopolitical crisis and strong Chinese stocks.</li><li>FPIs had been net buyers in 2021, except for January, April, and May, data showed.</li><li>Geopolitical conflicts and rising crude oil prices have increased market uncertainty and led to risk aversion among global investors.</li><li>FPIs have been following a strategy of 'Sell India, Buy China' due to monetary and fiscal measures introduced by Chinese authorities to stimulate their economy.</li></ul>

FPIs take out Rs 58,711 Cr from equities in Oct on geopolitical crisis, strong Chinese stocks

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