Foreign investors pulled out a record Rs 94,000 crore from Indian equities in October, citing elevated valuations and attractive Chinese stocks. This marks the worst-ever month for FPIs, following a nine-month high investment in September. While FPIs have been net buyers overall this year, this massive withdrawal has led to an 8% decline in benchmark indices. Experts say global events like US elections, interest rate movements, and China's economic progress will shape future FII flows.

Source: https://www.wionews.com/business-economy/fpis-pull-out-record-rs-94000-crore-from-equities-in-october-on-attractive-china-valuation-773125