(Reuters) -- Foreign investors are on track to sell a record amount in Indian equities in October in absolute terms, as fund managers diverted their focus from richly valued local equities to China in hopes that Beijing's recent stimulus may boost its ailing economy.
Foreign portfolio investors have sold a net amount of $8.4 billion so far this month, surpassing the previous record outflow of $8.35 billion, recorded in March 2020 -- the start of the COVID-19 pandemic.
