FPIs turn sellers again, pull out Rs 7,443 crore from Indian equities

In early September, foreign portfolio investors (FPIs) turned net sellers of Indian equities, withdrawing Rs 7,443 crore from the market. This outflow reverses a previous trend of net investments observed over the preceding two months.

The capital retreat was driven by external macroeconomic factors, specifically soaring crude oil prices and stable US bond yields. These combined pressures served to dampen overall investor enthusiasm for Indian equities, prompting the renewed sell-off by foreign entities.