Foreign investors dumped nearly $30 billion in Indian equities, marking the largest outflow since 2019, according to Bloomberg.
The outflow pushed India's global equity market share to 2.9%, a 0.6‑percentage‑point decline from the 3.5% recorded in 2024, Bloomberg data shows.
Stocks fell 19% in dollar terms, the sharpest decline since 2022, as the Nifty 50 slipped 12% amid rising geopolitical tensions and inflation concerns, Bloomberg added.
Analysts at JPMorgan warn that the trend could persist until the RBI's policy review on June 15, when potential tightening could further dent sentiment, while investors await fiscal budget clues.