FPIs take U-turn in October, offload ₹27,142 crore in Indian equities: Here’s what triggered the sell-off | Stock Market News

FPIs take U-turn in October, offload  ₹27,142 crore in Indian equities: Here’s what triggered the sell-off | Stock Market News

Source: Live Mint

Foreign portfolio investors (FPIs) continued their buying streak boosted by the latest supersized 50 basis points (bps) interest rate cut by the US Federal Reserve. FPIs made a remarkable comeback to Indian markets this month, snapping their previous moderation, driven by domestic and global factors. They were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets. However, FPIs halted their buying streak with the onset of the new fiscal year 2024-25 (FY25).

FPIs invested 57,359 crore worth of Indian equities, and the net investment stood at 91,702 crore as of September 27, taking into account debt, hybrid, debt-VRR, and equities, according to the National Securities Depository Ltd (NSDL) data. This month, the total investment in debt markets is 8,543 crore. Regarding equities, September has logged the highest FPI inflows year-to-date (YTD), while the total investment is at a nine-month high.



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