Foreign Investors Withdraw Over Record Rs 94,000 Crore From Indian Market in October

Mumbai: Foreign investors turned net sellers in October, pulling out over Rs 94,000 crore from Indian equities. The sell-off was driven by high valuations in India’s domestic markets and the Chinese market's robust performance. This outflow follows a record-high inflow of Rs 57,700 crore in September, marking a significant shift in investor sentiment. Previously, foreign portfolio investors (FPIs) had recorded a major withdrawal in March 2020, amounting to over Rs 61,000 crore .

Despite this recent sell-off, FPIs have mostly been net buyers throughout 2024, with exceptions in January, April, May, and October. Experts indicate that future investment flows into India will be influenced by global developments, including geopolitical events, interest rate directions, the Chinese economy's performance, and the results of the upcoming US Presidential election.

NSE launches mobile app and websites in eight regional languages

Meanwhile, the National Stock Exchange (NSE) has launched a mobile app and websites in eight regional languages to celebrate its 30th anniversary. Since equities trading began on the NSE on November 3, 1994, the exchange has expanded language support to a total of twelve languages, now including Assamese, Bengali, Kannada, Malayalam, Odia, Punjabi, Tamil, and Telugu. NSE’s MD and CEO, Ashishkumar Chauhan, announced the new initiatives, and the exchange held its annual muhurat trading session to mark Lakshmi Poojan today. 

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