Record foreign outflows from India's financial stocks in March have exacerbated a downward trend in the market. Foreign portfolio investors sold 606.55 billion rupees ($6.53 billion) of financial stocks, the highest on record, and over half of the total $12.66 billion pulled from Indian markets. Fears over the Iran war's impact on economic growth and earnings have compounded pressure on Indian equities and the rupee. The prospect of losing foreign capital is unsettling market participants.