FPIs pull out ₹34,843 cr from equities in Oct, turn net buyers last week

What happened

Foreign portfolio investors, which are overseas investors buying Indian shares, withdrew ₹34,843 crore from Indian equities in October. That was a second straight month of heavy outflows. They then turned net buyers late in the month, adding about ₹6,300 crore during October 26-30.

Confirmed

Global impact / market context

Foreign selling reduces demand for Indian shares and can weigh on prices. The article links outflows to high crude oil prices, global interest rates and corporate earnings worries. Higher crude prices raise India's inflation and company costs, which can squeeze profit per sale.

Analyst inference

September also saw withdrawals of ₹35,861 crore, while July and August had inflows. Cumulative foreign outflows from Indian equities in 2026 reached ₹2.95 lakh crore. One week of buying may signal better near-term sentiment, but experts say it does not prove a sustained reversal.

Analyst inference

What to watch

1. Watch whether foreign investors keep buying Indian equities after the roughly ₹6,300 crore added during October 26-30, since one week of buying does not necessarily indicate a sustained reversal. Confirmed
2. Track crude oil prices and US interest rates, which the article cites as reasons for foreign selling. Higher crude oil prices raise India's inflation and company costs, while attractive US yields pull global money. Proposed
3. Watch company earnings reports for signs that higher crude oil prices are squeezing profit per sale. Weak results could keep foreign investors cautious and extend outflows from Indian equities. Analyst inference

Evidence

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