FPI outflows in 2026 cross ₹3 lakh crore, and the selling hasn’t let up. Foreign portfolio investors (FPIs) took ₹44,166 crore out of Indian equities in just the first few trading days of October, pushing net selling for the calendar year to about ₹3.04 lakh crore, according to NSDL data reported by Moneycontrol.
In this article
FPI outflows 2026 cross ₹3 lakh crore: how we got here
October’s selling comes right after a net withdrawal of ₹35,861 crore in September. That put an end to a short two-month return of foreign money, when FPIs had put ₹20,200 crore into Indian equities in July and ₹29,631 crore in August. With this latest round, the 2026 total is now well above the roughly ₹1.66 lakh crore FPIs pulled out over all of 2025.
The NSDL numbers, day by day
The daily equity figures on the NSDL FPI monthly trends page show just how relentless the selling has been. Net equity investment by reporting date (₹ crore):
- 1 Oct: -9,231.88
- 5 Oct: -9,281.52
- 6 Oct: -4,162.66
- 7 Oct: -2,449.84
- 8 Oct: -6,155.75
- 9 Oct: -12,884.07
Add those six entries and you get about ₹44,166 crore, which matches the reported month-to-date figure. NSDL’s 12 October entry shows another net equity sale of ₹3,251.04 crore, so the month’s reported outflow has already gone past ₹47,000 crore. Keep in mind that NSDL data covers trades reported to depositories, usually for the previous trading day.
Why the foreign money keeps leaving
Reports point to four pressures: high crude oil prices, a firmer US dollar, rising US bond yields, and an AI-driven rally in North Asian markets that is pulling global funds that way. Each one hurts India in its own way. Expensive oil swells the import bill and leans on the rupee. A strong dollar and higher US yields make dollar assets more appealing and shave the rupee-adjusted return on Indian stocks.
When foreign money leaves this steadily, the rupee and large-cap index heavyweights usually feel it first, because those are the most liquid places for FPIs to exit.
What this means for investors
So far, domestic institutions and retail SIP money have been the ones buying while foreigners sell. This week we’d keep an eye on the daily provisional FII/DII numbers, the rupee and crude. You can track the market every day on our Stock Market Today India hub, and check today’s FII DII data for the latest session.
Sources: NSDL FPI monthly data; Moneycontrol (PTI). Figures as reported on 11–12 October 2026. This article is for information only and is not investment advice.
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