"Foreign investors have withdrawn nearly Rs 20,000 crore from Indian equities in the last five trading sessions due to higher valuations and shifting investments to China. This is the second-largest monthly outflow after October's Rs 94,017 crore withdrawal. Despite recent corrections, Indian markets continue to have high valuations compared to peers. However, new FPI registrations are on the rise, with unprecedented applications of about 40-50 in November alone."

Source: https://www.wionews.com/business-economy/fpis-pull-out-nearly-rs-20000-cr-from-equities-in-the-last-5-trading-sessions-775140