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FPIs withdraw Rs 27,142 cr in first 3 days of Oct on geopolitical tensions, Chinese mkt rebound

YourStory · 2m

- Foreign investors sold shares worth Rs 27,142 crore in October due to escalating conflicts between Israel and Iran, rising crude oil prices, and the better performance of Chinese markets. - FPI investment reached a nine-month high of Rs 57,724 crore in September before the outflow in October. - Global factors like geopolitical developments and interest rates will play a crucial role in determining foreign investments in Indian equity markets. - Chinese stocks' outperformance is one of the main factors leading to the selling of Indian equities by foreign investors. - The recent exodus of foreign investments from Indian equities was also influenced by escalating geopolitical tensions and the improved performance of Chinese markets. - FPIs' selling in the financial sector, particularly frontline banking stocks, has made their valuations attractive for long-term domestic investors.