Foreign Portfolio Investors (FPIs) have withdrawn a massive Rs 85,790 crore from Indian equities in October.
This marks the worst-ever month in terms of foreign fund outflows, surpassing the previous record of Rs 61,973 crore in March 2020.
The outflow was influenced by Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities.
The trajectory of global events, domestic indicators, and geopolitical developments will play a crucial role in shaping future foreign investment in Indian equities.