Foreign Portfolio Investors (FPIs) have pulled Rs 89,916 crore from Indian stocks over a 15-session stretch till March 19, the largest continuous outflow in two decades, according to an ETIG study.
That surpasses the record outflow in a fortnight in October 2024, when overseas fund managers were sellers to the tune of Rs 82,845 crore the period. The other major period of outflows was the 22-session stretch during Covid, when FPIs withdrew Rs 72,948 crore.
Agencies
The latest bout of selling pushed the Nifty down nearly 10% as purchases by domestic mutual funds of Rs 71,183-crore cushioned the fall. During previous heavy spells of FPI selling, domestic mutual funds typically cushioned the market—buying Rs 69,410 crore in October 2024 and Rs 59,320 crore in January-February 2025.
Agencies
Agencies