Emerging market dynamics shift as FIIs offload Rs 30,718 crores of Indian stocks in early October, driven by Chinese market outperformance and low valuations. Geopolitical tensions and economic metrics contribute to uncertain FPI flows, while long-term domestic investors eye potential in financials.
Red October: FPI stock selloff at Rs 81,000 crore, highest in a month
The selloff in October is in contrast to their activity in the rest of 2024. So far this month, foreigners have sold stocks worth ₹6,100
October 22, 2024