Foreign portfolio investors (FPIs) sold shares worth Rs 94,017 crore in India throughout October, leading to a decline in the overall performance of the stock market. This marked a significant shift, as FPIs transitioned from being net buyers for the previous four months to becoming net sellers.

The figures released by the National Securities Depository Limited indicate that the amount sold by FPIs in October represents the highest total recorded for a single month. In contrast, during the preceding four months, FPIs had purchased stocks worth Rs 26,565 crore in June, Rs 32,365 crore in July, Rs 7,320 crore in August, and Rs 57,724 crore in September. Their active buying during this period had previously bolstered the stock market, with indices reaching multiple new highs.