With overseas investors continuing to sell off, India's Nifty 50 index is poised to see its largest monthly decline since the panic in March 2020. The benchmark index fell nearly 6% in October, marking the first monthly decline since May as soft profits have dampened market sentiment amidst valuation levels above historical averages. In the month ending October 29, foreign institutions have net sold over $10 billion worth of Indian stocks. A Citigroup report indicates that ongoing foreign outflows may weigh down recent performance.