Benchmark indices Sensex and Nifty have lost around 4.5 percent each year-to-date. While FIIs saw their AUC in equity decline nearly 20 percent from the September high, their absolute losses remain substantial. Foreign investors have remained net sellers in Indian markets, offloading over Rs 2.5 lakh crore since the start of September. Despite the broader market correction, foreign direct investment (FDI) portfolios in equity rose by around 3.3 percent, while NRI and foreign venture capital investments increased by around 2.6 percent and 1.1 percent, respectively. According to analysts, Nifty’s persistent decline since September, despite no global risk-off, is rare. The correction stems from weak earnings amid high valuations. With India’s valuation premium to EM now at its 10-year average, de-rating seems priced in. But global risks—US growth slowdown and MAGA-driven volatility—could trigger further downside, analysts warn. The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management.