Foreign portfolio investors (FPIs) continued to sell off Indian stocks, with net outflows reaching ₹23,801 crore this week. This follows a staggering ₹117,775 crore in sales during March, marking the highest monthly selling this year. The ongoing conflict in West Asia and rising crude oil prices, which have surpassed $100 per barrel, have significantly affected investor confidence. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, emphasized that the rupee's depreciation of approximately 4% since the conflict began has further exacerbated the situation, leading to increased selling pressure from FPIs. Despite these challenges, analysts suggest that the current market retracement has resulted in more attractive valuations. On April 3, Indian equity markets closed for Good Friday, but on April 2, the Nifty 50 index rose by 0.15% to 22,713.10, while the BSE Sensex increased by 0.25% to 73,319.55, indicating some resilience amid global uncertainties.