Foreign institutional investors (FIIs) have purchased Indian shares worth approximately $2 billion over five trading sessions from April 15 to April 21, driven by tariff-induced portfolio reallocations. Data from the National Securities Depository Limited (NSDL) and provisional figures from the National Stock Exchange (NSE) indicate continued inflows, with FIIs net buying ₹3,333 crore on April 23, extending their buying streak to six consecutive days. Conversely, domestic institutional investors (DIIs) have been net sellers, offloading ₹1,234 crore on April 23. Despite the equity inflows, foreign portfolio investors (FPIs) have withdrawn $2.27 billion from Indian debt markets in April, marking the largest outflow since May 2020. Globally, investment patterns reveal a shift away from U.S. assets, with foreigners pulling out $3 billion from U.S. corporate bond funds last week—the highest since the 2020 crisis. Meanwhile, Japanese bonds and stocks are poised to attract record monthly foreign inflows, and Chinese stocks have topped Indian mutual funds' overseas buying list in March. These trends highlight a reallocation of global capital towards Asian markets amid changing tariff dynamics and market conditions.