FPI selling crosses Rs 52,000 crore in October as Nifty defies foreign exodus
Economic Times 2 hrs ago·18 Oct 2026, 8:11 am
In October, foreign portfolio investors withdrew more than Rs 52,000 crore from Indian equities, topping the outflows recorded in September. The pull‑back was largely linked to higher US Treasury yields and the rise in crude‑oil prices, which made overseas assets relatively more attractive.
Despite the sizable foreign sell‑off, the Nifty and Sensex posted strong gains. Domestic institutional investors stepped in as net buyers, and the information‑technology sector posted solid performance, providing enough buying pressure to offset the foreign outflows.
Investors will be watching a few key drivers: any further movement in US rates, oil price volatility, and the flow of domestic fund money. Quarterly earnings, especially from IT and other export‑linked firms, could also influence whether the market can sustain its current momentum.
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- Category: Stocks.
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