Selling round among foreign investors, sold stocks worth 27 thousand crores in three sessions in October

New Delhi| The Indian stock market is facing heavy selling pressure these days. Especially foreign investors are withdrawing their money from the Indian market on a large scale. According to data from National Securities Depository Limited, foreign investors have sold stocks worth Rs 27,142 crore in the first three trading sessions in October alone.

On October 4 itself, foreign investors sold stocks worth Rs 15,506 crore. This selling is being seen as a decline in investor confidence in the market. This selling has also had a deep impact on India’s equity market and the equity market is under pressure. Experts say that foreign investors are withdrawing their money from the Indian market and investing in other Asian markets like China and Hong Kong, where they expect better investments.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that the main reason for selling stocks by foreign investors is the poor performance of Chinese stocks. Now the Chinese government has taken many policy decisions, due to which the Chinese stock market is expected to rise. This is the reason why foreign investors are now turning to the Chinese market in the greed of better returns. Market experts have warned that if the ongoing conflict in West Asia escalates and oil targets are attacked, it will affect oil prices and may increase volatility in global markets. This is why experts are advising investors to remain cautious in the coming weeks.