Why are the foreign investors suddenly selling so heavily in the Indian markets? Will this selling continue in the coming weeks too?

The month overall was ok but the last week literally spoiled the good run that FPIs were having in the Indian markets. FPIs infused Rs.6554 crore into Indian markets in the month of February but this may be masking the aggressive sell-off in the last 7 trading sessions of the month. FPIs pumped in Rs.1820 crore into equities and Rs.4734 into debt. The overall net inflow stood at close to Rs.26,000 crore in the first fortnight of February which means traders foreign investors have pulled out nearly 17,500 crore in the last few trading sessions from equity and debt put together. This was largely in the midst of the Chinese Coronavirus scare. Most global investors have adopted a risk-off attitude and have been shifting out of equities across the board. Till the scare is behind them, the FIIs may continue to sell in the Indian markets and reduce their exposure, especially in FII heavy stocks.