Foreign investors have become increasingly selective of where they invest in the Indian market. While the net outflow of FPIs in October was just Rs 10 crore, they pulled out more than Rs 6,000 crore from just two sectors. 

The Financial Services sector saw FPIs take out Rs 4,686 crore in October, the most among all sectors. While they pulled out Rs 1,673 crore in September. This suggests rising negative interest in the Indian market among foreign investors as the Financial Services sector is considered to be a proxy for the Indian economy, alongside the IT sector. Oil, Gas & Consumable Fuels sector has the second highest pullout by FPIs to the tune of Rs 1,418 crore in October compared to a pull out of Rs 4,410 in September. 

There is still hope for the Indian market as FPIs have invested Rs 1,289 crore in October in the Construction sector rising from an investment of Rs 628 in September, the most among all sectors. The IT sector comes in next with a net investment of Rs 945 crore.