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Foreign investors turned net sellers in October, withdrawing shares worth 58,711 crore rupees in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market.
  
The outflow followed a nine-month high investment of 57,724 crore rupees in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing 34,252 crore rupees in April-May.
 



  
Data with the depositories showed that overall, FPIs have been net buyers in 2024, except for January, April, and May. Looking ahead, global factors such as geopolitical developments and the future direction of interest rates will play a crucial role in determining the flow of foreign investments into the Indian equity markets, say experts. According to the data, FPIs made a net withdrawal of 58,711 crore rupees from equities between October 1 and 11.




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