Kathmandu: In the month of October, foreign investors have increased the sale of shares in the Indian stock market. Due to the conflict between Israel and Iran, the sharp increase in crude oil prices and the strong performance of the Chinese market, investors have sold shares worth 5 trillion 87 billion 11 billion Indian rupees so far, according to The Hindu.

Since last June, Foreign Portfolio Investors (FPIS) had continuously bought equity. On the other hand, in the months of April and May, they sold equity worth 3.42 billion 52 million rupees. In 2024, except for the months of January, April and May, FPI increased purchases most of the time. However, now that there is some time left for the end of October, the number of people selling shares has increased.

According to the data, FPIS has withdrawn a total of 5 trillion 87 billion rupees from equity from October 1 to 11. Due to the growing conflict, uncertainty has increased in the market. As a result, it seems that global investors are not taking risks.

Chief Investment Strategist at Geogint Finance Services V.K. According to Vijayakumar, after the Chinese authorities announced monetary and revenue measures to encourage the Chinese economy, FPIS has adopted the 'Sell India, Buy China' strategy. FPIS money has moved into Chinese stocks, which are still cheap.

These developments have created a temporary drag on Indian equities. The result of which is seen in the trend of exiting from both the equity and debt sections of FPIS. These trends are expected to stabilize by the time of the US election.