New Delhi, Oct. 8 -- FPIs extended their selling spree in the Indian stock market in October, withdrawing another Rs.31,282 crore in just five trading sessions. This came on top of the Rs.35,857 crore worth of selling in September, according to NSDL data.

The severe selling by overseas investors came amid rising inflationary pressures, driven by escalating tensions in the Middle East, while the bond market sell-off showed no signs of slowing, with US Treasuries hovering near multi-decade highs.

Domestic factors also turned unfavourable, with poor monsoon rains linked to El Niño compounding price pressures in Asia's third-largest economy. The RBI was the latest central bank to raise interest rates, joining the US Federal Reserve, Ba...