Foreign Investors pull out Rs 48,056 crore from Indian equities in October

New Delhi, Oct 25 (UNI) Foreign portfolio investors (FPIs) have pulled out Rs 48,056 crore from Indian equities in October so far, as rising crude oil prices, escalating geopolitical tensions in West Asia, inflationary concerns and subdued corporate earnings weighed on investor sentiment. However, the pace of selling eased in the week ended October 23, with foreign investors turning net buyers on two trading days, indicating some moderation in the sustained selling pressure on domestic equities. The latest withdrawals follow net outflows of Rs 35,861 crore in September. In contrast, FPIs had invested Rs 20,200 crore in Indian equities in…