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FPIs step up primary bets: Selling pressure persists in secondary market

However, selling persists in secondary market, fully accessible route

FPI Inflows, Foreign Portfolio Investors, Indian Stock Market, Financial Services, Equity Markets, Foreign Investment, Consumer Services, Healthcare, Information Technology, Telecom, FMCG, Capital Markets, Stock Market, Indian Equities
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FPIs step up primary-market investments even as selling pressure persists in secondary-market equities.

Kairavi LukkaAnjali Kumari Mumbai

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Foreign portfolio investors (FPIs) channelled the highest amount of money into Indian primary markets in 15 months this October, cushioning some impact of their continued selling in the secondary market.
 Overseas investors offloaded shares worth ₹38,513 crore in the month, taking their net selling for the year to ₹2.87 trillion and underscoring the sustained pressure on Indian equities in a tumultuous year. 
 FPIs sold shares worth ₹38,513 crore in the secondary market in October, while investments via the primary market stood at ₹12,902 crore, the highest inflows since July 2025, according to data from the National Securities Depository Ltd
(NSDL) and stock exchanges.
 Domestic institutional investors (DIIs) bought shares worth ₹62,220 crore during the
month.
 “Sustained FPI outflows from the secondary market are a result of factors like disruption of the yen carry trade due to rising Japanese bond yields, rising US bond yields leading a capital flight and a shrink in margins due to supply chain disruption
and commodity price inflation,” said Sham Chandak, head of institutional equities at Elios Financial Services.
 Additionally, FPIs have also turned net sellers of government securities under the fully accessible route (FAR) for the
second consecutive month, as they sold ₹5,609 crore in October, amid heightened geopolitical tensions and elevated
crude oil prices.