China's recent stimulus package has sparked a significant rally in its stock market, raising concerns among global investors about the potential impact on Indian markets. Analysts are debating whether foreign institutional investors (FIIs) might shift their focus from India to China. This development comes as India's market regulator is set to announce stricter rules for trading in futures and options, which could further influence market dynamics. Additionally, India's market for initial public offerings (IPOs) is poised to face its biggest supply of mega share sales, adding another layer of complexity to the investment landscape. Beijing's drive to reverse its economic slowdown and revive long-term interest in its stock markets has contributed to this sentiment shift. Chinese stocks have outperformed emerging market peers by the most since 1999.