<div id="readability-page-1"><div id="parent_top_div">Foreign investors maintained their aggressive sell-off in Indian equities, withdrawing Rs 48,213 crore ( $5.14 billion) in the first 10 days of April, as rising geopolitical tensions and global macroeconomic uncertainties reduced risk appetite. The sell-off follows a record outflow of Rs 1.17 trillion (about $12.7 billion) in March, the worst monthly exodus on record. The sharp reversal comes after FPIs had infused Rs 22,615 crore in February, marking the highest monthly inflow in 17 months. With the latest withdrawals, total outflows by foreign portfolio investors (FPIs) have surged to Rs 1.8 trillion in 2026 so far. In April alone, foreign investors withdrew equities worth Rs 48,213 crore from the cash market till April 10, according to NSDL data. Market participants attributed the sustained selling pressure to a combination of global macroeconomic headwinds and heightened geopolitical risks. Himanshu Srivastava, Principal - Manager Research at Morningstar Investment Research India, noted that selling was largely driven by risk aversion triggered by escalating tensions in West Asia, which pushed up crude oil prices and revived concerns about inflation globally. Echoing similar concerns, VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said the energy crisis stemming from the West Asia conflict, coupled with the potential spillover impact on the Indian economy and continued depreciation of the rupee, has kept FPIs firmly in sell mode. He also pointed out that markets such as South Korea and Taiwan are currently more attractive to FPIs, given their stronger earnings growth outlook compared to the relatively modest expectations for India in FY27. Even the recent US-Iran ceasefire failed to arrest the selling momentum. &#34;FPIs used the relief rally as a liquidity window to exit further,&#34; said Vaqarjaved Khan, Senior Fundamental Analyst at Angel One. According to Khan, a reversal in flows would depend on three key factors -- credible reopening of the Strait of Hormuz, stabilisation of the rupee, and a positive surprise from India's Q4 earnings season. &#34;Flows can reverse quickly, but only if macro conditions begin to support the shift,&#34; he added.</div></div>

印度 ETF - PowerShares

印度 Nifty 50 等權重 ETF - First Trust

外資在四月前十天從印度股票市場撤回了₹48,213 億（51.4 億美元），這一趨勢延續了由於地緣政治緊張局勢和宏觀經濟不確定性導致的激進拋售。這一撤資緊隨三月份創紀錄的₹1.17 萬億流出。分析師將此次拋售歸因於與西亞緊張局勢升級、原油價格上漲以及對通貨膨脹的擔憂相關的風險厭惡。韓國和台灣等市場被視為對外資投資者更具吸引力。流出的逆轉可能取決於宏觀經濟條件的穩定以及印度第四季度的盈利表現

外國投資者在四月份持續拋售，10 天內撤資 4821.3 億盧比