FPIs Flee Indian Market, Dump Banking & Financial Stocks Amid Global Tensions

• Foreign Portfolio Investors (FPIs) withdrew ₹53,700 crore from the Indian stock market in the first 15 days of March.
• The Banking and Financial Services sector bore the brunt, with FPIs pulling out over ₹31,000 crore in early March.
• Regulatory tightening by RBI on capital market and unsecured loans, along with rising bond yields, made investors cautious about the financial sector.
• BSE Sensex and Nifty 50 declined by approximately 8%, while midcap and smallcap indices fell up to 10% since early March.
• Global tensions, including Iran's attacks on energy resources, fueled fear among international investors.