Foreign portfolio investors (FPIs) have sold Indian equities worth $1.6 billion over the last five trading sessions, marking a significant outflow. This comes as rising crude oil prices and increasing global bond yields dampen investor sentiment towards emerging markets like India.
Net Sellers
Bond Flow Status
Previous 2 months: Net Buyers→Net Sellers
⏳ Time Machine
How today’s news fits into the bigger picture
March 2024
Global Rate Hikes Spark Outflows
A series of global interest rate hikes by major central banks led to significant FPI outflows from emerging markets, including India, as investors sought higher returns elsewhere.
October 2022
FPIs Turn Net Buyers
FPIs turned net buyers in Indian equities after a prolonged selling spree, largely due to softening crude oil prices and an improved global risk appetite, bringing in billions of dollars.
April 2025
Strong Inflows Recorded
Driven by a positive earnings outlook and perceived government stability, FPIs invested over **$6 billion** in Indian equities, showing strong confidence in the market.
September 2025
FPIs Pull Out $2.5 Billion
FPIs collectively pulled out **$2.5 billion** from Indian markets amidst renewed global economic slowdown concerns and , marking a period of caution.
Today
Foreign Portfolio Investors sold $1.6 billion in Indian stocks over five trading sessions and also turned sellers in government bonds.
What happens next?
Market participants will monitor global crude oil prices and bond yields, as their movements will heavily influence the return of FPI inflows to India.
Foreign Portfolio Investors (FPIs) have turned net sellers in Indian markets, offloading Indian stocks worth a substantial **$1.6 billion** (approximately ₹13,300 crore) across five trading sessions. This latest selling spree follows a period where FPIs also became net sellers in government bonds after two months of strong buying. The reversal in sentiment is largely attributed to two major global factors: persistently rising crude oil prices, which fuel inflation concerns, and escalating global bond yields, particularly in the US. These factors make emerging markets like India less attractive to foreign capital, as investors seek safer or higher-yielding alternatives in developed economies.
💭 If you're wondering…
Rising inflation expectations, central bank interest rate hikes, and increased government borrowing can all push global bond yields higher, making bonds more attractive compared to other assets.
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