FPI Outflows from Indian Markets Reach Rs 23,676 Crore in September as Global Pressures Mount

Foreign portfolio investor outflows from Indian equity markets reached Rs 23,676 crore through exchange-based selling up to September 19, reversing positive FPI trends seen in July and August. Primary market FPI investment remained steady at Rs 2,703 crore for the same period, bringing the year-to-date total to Rs 48,550 crore. Indian benchmark indices, including the Sensex and Nifty, closed lower amid elevated crude oil prices, rising global bond yields, and a US Federal Reserve rate hike. Analysts have flagged geopolitical developments in the Iran-US conflict as a factor that will influence future FPI flows, while the resilience of the Indian economy and earnings growth expectations remain potential counterbalancing factors.