Foreign Investors Withdraw Rs 21,000 Crore from Indian Equities Amid West Asia Tensions

Foreign portfolio investors (FPIs) withdrew approximately Rs 21,000 crore (around USD 2.3 billion) from Indian equities over the last four trading sessions amid escalating geopolitical tensions in West Asia. This sell-off followed a strong inflow of Rs 22,615 crore in February, the highest in 17 months. Market experts attribute the outflows to concerns over the Middle East conflict, rising crude oil prices above USD 90 per barrel, rupee depreciation, elevated US Treasury yields, and mixed corporate earnings outlooks. Analysts expect continued market volatility influenced by these factors and await further clarity on the geopolitical situation and upcoming economic data.