Foreign institutional investors (FIIs) have withdrawn a total of Rs 39,000 crore from Indian equities over the past nine trading sessions, beginning March 28, 2025. This trend coincides with escalating tariff tensions between the United States and China, which have contributed to the largest weekly outflow from Indian capital markets in six months, totaling USD 4.5 billion for April. On April 15, 2025, FIIs recorded a net purchase of Rs 6,065.78 crore, marking their highest inflow since March 27, while domestic institutional investors (DIIs) sold equities worth Rs 1,951.60 crore. The following day, April 16, FIIs continued their buying spree with a net inflow of Rs 3,936.42 crore, while DIIs increased their selling to Rs 2,512.77 crore. The recent data indicates a shift in market dynamics as FIIs return to the Indian equity market amid ongoing geopolitical tensions.