Foreign Investors Withdraw ₹48,056 Crore from Indian Equities in October

Key Facts

1Foreign Portfolio Investors (FPIs) have withdrawn ₹48,056 crore from Indian equities so far in October 2026.

2The outflow was driven by elevated crude oil prices, West Asia tensions, and weak corporate earnings.

Foreign Portfolio Investors (FPIs) have withdrawn ₹48,056 crore from Indian equities so far in October 2026. The Hindu reported that this intensification of selling follows a significant withdrawal in September, marking a sustained period of capital flight from the domestic market.

The outflow was driven by elevated crude oil prices surpassing $110 and geopolitical tensions in West Asia. Weak corporate earnings also contributed to the bearish sentiment, even as recent data showed India's Composite PMI reached 56.7 on October 23, 2026, exceeding previous forecasts.

Market participants are looking ahead to the release of India's annual Industrial Production and Manufacturing Production data on October 28, 2026. These figures will provide further clarity on the industrial sector's performance amid the ongoing foreign capital outflows.