The withdrawals are concentrated in the secondary market, with FPIs offloading Rs 32,351 crore through exchanges this month, while still investing selectively in the primary market to the tune of Rs 9,931 crore.
Foreign Portfolio Investors (FPIs) aren’t just dipping out of Indian markets—they’re stampeding. As of mid-November, FPIs have pulled Rs 22,420 crore from India’s stock exchanges, following an even larger October selloff that saw Rs 1,13,858 crore exit the market, according to NSDL data.
The withdrawals are concentrated in the secondary market, with FPIs offloading Rs 32,351 crore through exchanges this month, while still investing selectively in the primary market to the tune of Rs 9,931 crore.
Adding pressure, FPIs have scaled back on Indian debt markets, pulling Rs 4,717 crore so far this month.