Foreign Portfolio Investors (FPIs) have extended their selling streak to 23 consecutive sessions, withdrawing a total of ₹1.37 lakh crore (approximately $16.5 billion USD) from Indian equities amid escalating tensions in West Asia. In March alone, FPIs pulled out ₹1.17 lakh crore, marking the highest monthly outflow on record, with an average daily withdrawal of around ₹6,198 crore. This selling pressure has pushed the Nifty 50 index down 11.2% over the last six weeks and 14% from its January peak, contributing to its worst monthly performance since March 2020. The decline in the Indian stock market reflects broader global trends, with significant losses also observed in markets such as Korea, Indonesia, and Germany. Analysts note that while near-term FPI flows may remain subdued due to geopolitical uncertainties and rising oil prices, there is potential for recovery if conditions improve, particularly in high-growth sectors. Domestic institutional investors have attempted to offset these outflows but have not fully countered the scale of foreign selling.