Foreign portfolio investors have withdrawn ₹12,569 crore from equities so far in November, according to the latest NSDL data. In October, FPIs infused ₹14,610 crore in equities after three consecutive months of outflow. "India is currently being viewed as an AI underperformer, and that perception is shaping FPI strategy," said Geojit's Chief Investment Strategist VK Vijayakumar.