The ongoing West Asia conflict is weighing heavily on Indian markets, with foreign portfolio investors (FPIs) becoming net sellers of Rs 14,403 crore in March so far – the highest ever – from government securities under the fully accessible route (FAR), according to Clearing Corporation of India (CCIL) data. In contrast, FPIs were net buyers in the previous month. They purchased securities worth Rs 7,445 crore in February and Rs 14,625 crore in January.