$HINDUSTAN%20PETROLEUM

Indian equity ETFs experienced a significant outflow of $220 million, marking a notable pullback amid a rising energy crisis. Investors are reacting to soaring energy prices and concerns about inflation impacting corporate profits. The exodus from these funds indicates a bearish sentiment among market participants towards the Indian market. This trend suggests a cautious approach as economic conditions remain uncertain. As a result, some sectors, particularly energy and consumer discretionary, may face challenges ahead.