FPIs pull out Rs 7,443 cr in early September

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Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• September witnessed a notable outflow of Rs 7, 443 crore from Indian equities as foreign investors retracted their investments, a stark contrast to the previous months' inflows.
• Rajkumar Rathi, Chief Investment Officer at YES Securities, remarked the recent selling was driven by a rebound in crude oil costs.
• Understanding business to figure out the mystery: Power Grid Corp – Part 1.
• FPIs resume selling; pull out Rs 7, 443 cr from equities in first week of Sep.

Nifty23, 897.7024.25. Gold (MCX) (Rs/10g.)152, 815.00-2960.0. The Economic Times daily newspaper is available online now.

FPIs resume selling; pull out Rs 7, 443 cr from equities in first week of Sep. PTILast Updated: Sep 06, 2026, 12: 27: 00 PM IST.

September witnessed a notable outflow of Rs 7, 443 crore from Indian equities as foreign investors retracted their investments, a stark contrast to the previous months' inflows. Contributing factors include increasing crude oil rates and robust US bond yields affecting investor confidence. Meanwhile, India's primary market still captivates foreign funds, showing resilience in attracting capital.

After investing in Indian equities for two consecutive months, foreign investors turned net sellers in the first week of September, pulling out Rs 7, 443 crore as a rebound in crude oil rates, rising US bond yields, and a firm dollar dented risk appetite. The outflow came after Foreign Portfolio Investors (FPIs) infused over Rs 29, 600 crore in August and Rs 20, 200 crore in July, data from National Securities Depository Limited (NSDL) indicated.

Before that, they had remained net sellers for four straight months from March to June. With the latest withdrawal, the total outflow by foreign portfolio investors from Indian equities climbed to Rs 2.32 lakh crore so far in 2026, surpassing the Rs 1.66 lakh crore withdrawn during the entire year 2025, the data indicated. According to NSDL data, FPIs withdrew Rs 7, 443 crore from Indian equities in the first week of the month, till September 4. Live Events.

Rajkumar Rathi, Chief Investment Officer at YES Securities, remarked the recent selling was driven by a rebound in crude oil costs. It has triggered concern over India's inflation and current account outlook. "Further strengthening US bond yields and a firm dollar index have reduced foreign risk appetite for emerging markets, " he remarked. As factors prompting foreign funds to book profits and rebalance portfolios, rathi additionally pointed to India's premium equity valuations, particularly in expansion sectors and the mid- and small-cap segments. Nevertheless, he stated foreign investor appetite for India's primary market has remained "structurally resilient". "As seen in early September, the pipeline of upcoming IPOs will continue to act as a distinct sponge for foreign capital. If firms rate their primary offerings attractively, it will structurally sustain primary market FPI inflows, even if the secondary market faces net selling, " Rathi noted. Looking ahead, global bond yields are probable to remain a key driver of FPI flows, V K Vijayakumar, Chief Investment Strategist at Geojit Investments, stated. Brent crude rates, evolving US-Iran geopolitical tensions and upcoming US inflation data ahead of the Federal Reserve's mid-September policy gathering will additionally influence foreign fund flows, remarked Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking. Foreign investors additionally extended their selling to the debt market during the period under review. They withdrew Rs 377 crore through the Fully Accessible Route (FAR) and Rs 231 crore through the Voluntary Retention Route (VRR) while investing Rs 217 crore through the general route.

Foreign Portfolio InvestorsIndian equitiesinvestment trendsforeign investmentcrude oil pricesUS bond yieldsstock market sellingnational securities depository limited.

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In short, fPIs pull out Rs 7, 443 cr in early September is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.