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Foreign investors pull Rs 48,056 crore from Indian equities in October

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Foreign Portfolio Investors withdrew Rs 48,056 crore from Indian stocks during October, driven largely by high crude oil prices. Selling pressure eased somewhat in one recent week, with some FPIs turning net buyers for two days. Elevated oil prices and inflation worries are weighing on corporate earnings outlooks, which has dented investor confidence. Domestic institutional investors have partly cushioned the markets against the foreign selling in recent weeks.

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