FPI Outflow

EM flows gathering pace as investors double down on de-dollarisation trade

The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse

Analysts tracking overseas investor sentiment say Indian stocks are currently "not a compelling buy" for global funds right now

Indian investors are in a difficult spot, given the uncertainty. In January to date, the benchmark Nifty saw a small correction of around 3.3 per cent after gaining 9.8 per cent in 2025

Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows

Tepid earnings, global uncertainty push FPI selling to highest since August

Foreign portfolio investors withdrew over Rs 22,530 crore (USD 2.5 billion) from Indian equities so far this month amid rising US bond yields and a stronger dollar, continuing their selling streak from last year. This came following an outflow of Rs 1.66 lakh crore (USD 18.9 billion) recorded in 2025, triggered by volatile currency movements, global trade tensions and concerns over potential US tariffs and stretched market valuations. This sustained selling pressure by foreign portfolio investors (FPIs) has significantly contributed to the nearly 5 per cent depreciation of the rupee against the dollar during 2025. According to data from NSDL, FPIs pulled out Rs 22,530 crore from Indian equities between January 1 and 16. Market experts attributed the continued withdrawal to a combination of global and domestic factors. "Rising US bond yields and a stronger dollar have improved risk-adjusted returns in developed markets, prompting capital reallocation away from emerging markets," sa

Foreign investors favoured telecom and oil stocks amid broad equity selloffs

Sensex fell 367 points and Nifty dropped 100 as thin year-end volumes and cautious sentiment prompted profit booking; investors await Q3 results and trade deal clarity

FPIs pulled out ₹17,823 crore from Indian equities in early December, with heavy selling in financials and IT, while oil & gas and metals saw selective buying

Foreign investors pulled out Rs 17,955 crore (USD 2 billion) from Indian equities in the first two weeks of this month, taking the total outflow to Rs 1.6 lakh crore (USD 18.4 billion) in 2025. This sharp withdrawal follows a net outflow of Rs 3,765 crore in November, extending the pressure on domestic equity markets. The current trend comes after a brief pause in October, when Foreign Portfolio Investors (FPIs) infused Rs 14,610 crore, snapping a three-month streak of heavy withdrawals. FPIs sold equities worth Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July. According to data from the National Securities Depository Ltd (NSDL), FPIs withdrew a net Rs 17,955 crore from Indian equities between December 1-12. Market experts attributed this sustained outflow to several factors including sharp depreciation of the rupee and rich Indian valuations. Explaining the outflow, Himanshu Srivastava, Principal Manager Research at Morningstar Investment Resea

Foreign investors have pulled out Rs 11,820 crore (USD 1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee. This sharp withdrawal follows a net outflow of Rs 3,765 crore in November, further pressuring markets. These outflows come after a brief pause in October, when FPIs invested Rs 14,610 crore, breaking a three-month streak of massive withdrawals -- Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July. According to NSDL data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 11,820 crore from Indian equities in the first week of this month. This takes the total outflow for 2025 to Rs 1.55 lakh crore (USD 17.7 billion). Analysts attribute the renewed selling primarily to currency concerns. The rupee has depreciated nearly 5 per cent this year, prompting FPIs to pull out during such periods, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments. Ad

After a brief pause in October, foreign investors resumed selling, pulling out a net Rs 3,765 crore from Indian equities in November, driven by global risk-off sentiment, volatility in global tech stocks and selective preference for primary markets over secondary markets. This dip in November came right after a net inflow of Rs 14,610 crore in October, an uptick that had broken a three-month streak of withdrawals -- Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July, according to depository data. The flow trend through November was shaped by a combination of global and domestic factors. On the global front, uncertainty around the US Federal Reserve's rate-cut trajectory, a firm US dollar, and weak risk appetite across emerging markets kept foreign investors cautious. Persistent geopolitical tensions and volatile crude prices further reinforced the risk-off tone, said Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research .

Trend could act as 'safety valve' for Indian market and prevent excessive valuation, says one analyst

Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around USD 2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore (USD 17.6 billion). This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, data from depositories showed. The latest selling was driven by multiple factors, like US trade and policy shocks -- steep tariff hikes of up to 50 per cent on Indian goods and a one-time USD 100,000 H-1B visa fee, which hurt sentiment toward export-oriented sectors, especially IT, Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India, said. The rupee's fall to a record low level also added currency risk, while relatively high valuations of Indian equities prompted rotation to other Asian markets, he added. Despite the ongoing sell-off, some analysts believe conditions may gradually turn in India's .

So far this year, foreign investors have offloaded $17.6 billion, the second-highest on record for the January-September period

Sensex and Nifty fell 2.6 per cent this week, their sharpest drop since February, as heavy FPI selling, US tariffs, and sectoral weakness wiped out Rs 16 trillion in wealth

Timed tugs tilt discretionary sectors, letting defensive and capital-heavy names take the lead

Foreign investors have pulled out Rs 7,945 crore from Indian equities so far in September, weighed down by global uncertainties such as tariffs and persistent geopolitical tensions. This follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total equity sell-off by Foreign Portfolio Investors (FPIs) in 2025 to Rs 1.38 lakh crore, according to depository data. Looking ahead, market experts believe that upcoming macroeconomic data from India and the US, along with progress in tariff negotiations, will be key drivers of FPI flows in the coming week. Although FPIs remain net sellers in September, with cumulative equity outflows of Rs 7,945 crore till September 19, their selling has moderated. In fact, during the latest week, they briefly turned net buyers, purchasing Rs 900 crore of equities after the US Federal Reserve cut interest rates by 25 basis points. "For the current week FPIs bought Indian equities worth Rs 900 crore on the back of the Fed

Economists forecast India's current account deficit (CAD) will exceed 1% in FY26, citing capital outflows, U.S. tariffs, and a widening trade deficit, despite strong services exports and remittances