Affected by the conflict in the Middle East, foreign investors sold over $12 billion worth of Indian stocks this month, setting a new record.

Due to the conflict in Iran disrupting the supply of oil and natural gas, the Indian economy is under pressure and exacerbating concerns of a slowdown in economic growth. Foreign investors are expected to withdraw a record $12 billion from the Indian stock market in March. With only two trading days left in the month, foreign investors have already pulled out 1.12 trillion rupees from the Indian stock market. According to data from the depository institution NSDL, this is likely to set the record for the biggest single-month sell-off in history, surpassing the previous record of 940 billion rupees set in October 2024.