Foreign investors sell $1.6 billion of Indian stocks in five sessions

Foreign portfolio investors have sold $1.6 billion worth of Indian stocks over five trading sessions, marking a reversal after a period of buying interest. The selling pressure stems from rising crude oil prices and climbing global bond yields, which have altered the investment landscape for emerging market assets.

Profit-taking and a reallocation toward artificial intelligence investments are also contributing to the outflow. While domestic institutional buying may provide some cushion, external headwinds are likely to weigh on overall market performance in the near term.