Indian equities have seen a massive outflow of foreign investments throughout October 2024, with these investors aligning with the growing trend of them shifting their focus towards alternative markets, particularly China. According to the data available with NSDL, These investors have pulled out a significant amount Rs 94,017 crore from Indian equities in October 2024.

They pulled out a significant amount of Rs 24,548 crore from Indian equities in October 2023. These investors poured Rs 57,724 crore into Indian equities in September 2024. 

Foreign Investors: Trend This Year

These investors offloaded the shares worth Rs 94,017 crore from Indian equities this month. For four consecutive months, June to September, they were net purchasers. FPI inflow in Indian equity in September was Rs 57,724 crore. These investors pumped in Rs 26,565 crore in June, Rs 32,365 crore in July, and Rs 7,320 crore in August in Indian equities.

In May 2024, these investors pulled out Rs 25,586 crore from Indian equities. These investors pulled out Rs 8,671 crore from the Indian market in April 2024. Foreign portfolio investors made substantial net purchases in February and March, with inflows of Rs 1,539 crore and Rs 35,098 crore, respectively. These investors began 2024 with a substantial withdrawal from the Indian market, selling shares totalling Rs 25,744 crore in January.

As of now in 2024, foreign investors have poured in Rs 6,593 crore. This is significantly lower than the net inflow of Rs 1,71,107 crore recorded in 2023.