New Delhi, April 5 -- Foreign portfolio investors (FPIs) continued heavy selling in Indian equities this week, with net outflows of Rs 23,801 crore, as global uncertainties and rising crude oil prices weighed on investor sentiment.

According to data from National Securities Depository Limited, FPIs had already offloaded equities worth Rs 1,17,775 crore in March, marking the highest level of selling recorded this year.

The sustained selling trend has been largely driven by the ongoing conflict in West Asia, with no clear signs of de-escalation. The surge in crude oil prices and weakening of the rupee have further added pressure on Indian markets, prompting foreign investors to reduce exposure.

Market experts noted that elevated geopolit...