Foreign Portfolio Investors (FPIs) have withdrawn a significant **₹48,056 crore** from Indian equities in October so far. This substantial outflow is primarily driven by global concerns like inflation, rising crude oil prices, and geopolitical tensions.
₹48,056 crore
FPI Outflows (October 2026 YTD)
⏳ Time Machine
How today’s news fits into the bigger picture
2013
Taper Tantrum sparks outflows
The 'Taper Tantrum' occurred when the US Federal Reserve signaled a reduction in its bond-buying program, leading to significant from emerging markets, including India, and causing currency depreciation.
October 2018
FPIs pull ₹38,900 crore
Foreign investors withdrew approximately ₹38,900 crore (about $5.2 billion) from Indian equities, primarily influenced by rising US bond yields and escalating global trade tensions at the time.
Q1 FY27
India attracts $5.71 billion FDI
Earlier in the current fiscal year, India attracted a substantial $5.71 billion in Foreign Direct Investment (FDI) during Q1 FY27, showcasing a period of strong investor confidence before the recent FPI outflows.
October 2025
Nifty drops over 4%
A period of significant FPI selling in October 2025 led to a more than 4% decline in the Nifty 50 index, illustrating the direct negative impact of foreign capital withdrawals on market performance.
Today
FPIs withdrew ₹48,056 crore from Indian equities in October 2026, driven by global concerns.
What happens next?
Continued market volatility is expected through early November 2026, with FPI behavior dependent on global crude oil prices and geopolitical stability.
Foreign Portfolio Investors (FPIs) have continued their selling spree in Indian equities, pulling out a substantial **₹48,056 crore** (approximately $5.75 billion) from the stock market in October 2026 alone. This marks a significant outflow for the month, attributed to a combination of global factors including persistent inflation concerns, the recent surge in crude oil prices, and escalating geopolitical risks. While domestic institutional investors (DIIs) have shown some resilience by providing counter-buying, the sustained FPI selling pressure has contributed to overall market volatility and a negative sentiment on Dalal Street. This trend has led to a noticeable erosion in the market capitalization of several top Indian firms.
💭 If you're wondering…
FPIs, or Foreign Portfolio Investors, are entities or individuals from outside India who invest in Indian financial assets like stocks and bonds.
Did this story help?
Official sources
Knowledge Chain — tap a concept