Foreigners are relatively small players in India's over $5.5 trillion equity space with a share of less than a fifth, but are sensitive to the mood and performance of a market seen as increasingly attractive while China's economy and stock market stalls.
Topping Adani's troubles on investors' list of concerns has been the recent lacklustre earnings season, which has driven a rotation away from some previously favoured consumer stocks but not shaken too many bulls' faith in the longer-run.
Erstwhile darlings such as consumer-goods seller Hindustan Unilever, Nestle India and soft drink maker Dabur India have also suffered heavy reversals in their shares as results have disappointed investors.
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