In November, Foreign Portfolio Investors (FPIs) continued to sell in the Indian equity market, withdrawing Rs 26,533 crore. This is due to increased allocations to China, concerns over subdued corporate earnings, and high valuations of domestic stocks.

However, the outflows in November were significantly lower compared to October, when FPIs pulled out Rs 94,017 crore. So far in 2024, the total net outflows for FPIs stand at Rs 19,940 crore.

Market analysts believe that future foreign investment flows into Indian equities will be influenced by various factors, including policies under the Trump administration, current inflation and interest rate trends, geopolitical developments, and the performance of Indian companies in the third quarter earnings reports.