Foreign investors withdrew over $10 billion from India's stock market in October, marking a record outflow. This trend is attributed to a shift in investment focus towards China, as valuations in India appear stretched. Analysts note that the selloff may continue due to a combination of factors, including the waning post-pandemic economic boom and disappointing corporate earnings. The Nifty 50 index is reportedly heading toward a correction, indicating potential challenges ahead for Indian equities that had previously surged during the COVID-19 recovery period.