Archive · 9 Nov 2025
Foreign Investors Resume Selling Indian Equities in November
Imagine many people from other countries who invest in India are like tourists.
In October, they decided to stay and invest a bit more money here.
But now, in November, many of them are packing up and taking their money out of Indian stocks again, pulling out over Rs 12,000 crore.
This is happening because things look a bit uncertain in the world, making them nervous about investing in places like India right now.
They've taken out more than Rs 1.5 trillion from Indian stocks just this year!
While companies in India did a little better than expected in their recent reports, these foreign investors are still worried about global problems.
Some of these investors are also putting their money into countries like the US and China, which they think are doing better because of new technology like AI.
They are also taking some money out of Indian bonds, but putting a little bit back in through a special way.
Foreign portfolio investors (FPIs) resumed selling Indian equities in November, withdrawing Rs 12,569 crore after a brief pause in October.
This outflow is attributed to weak global cues and a general risk-off sentiment among investors.
Inflows in October were Rs 14,610 crore, which followed consistent outflows in July, August, and September.
Year-to-date in 2025, FPIs have withdrawn over Rs 1.5 trillion from Indian equities.
Divergence in FPI activity shows hedge funds selling in India while buying in markets like the US and China, perceived as beneficiaries of the AI-driven rally.
- Who
- Foreign portfolio investors (FPIs), including hedge funds
- What
- Resumed selling of Indian equities, withdrawing significant funds, while showing divergence in investment patterns across different markets.
- When
- November, following a pause in October. Previous months saw consistent outflows.
- Where
- Indian equities and debt markets, with comparisons to US, China, South Korea, and Taiwan.
- Why
- Weak global cues, risk-off sentiment, and a strategic shift by some FPIs towards markets perceived to benefit from AI-driven rallies, despite better-than-expected Indian corporate results.
Reasons for Outflows
Factors Influencing Investment Decisions
Investor Sentiment and Global Cues
Reasons for Outflows
Foreign portfolio investors (FPIs) have resumed selling Indian equities in November, withdrawing Rs 12,569 crore due to weak global cues and a general risk-off sentiment.
Factors Influencing Investment Decisions
Despite near-term caution towards riskier assets due to global headwinds, India Inc's Q2 FY26 results, especially in the mid-cap segment, were marginally better than expected.
Flow Divergence and Market Focus
Reasons for Outflows
Hedge funds within FPIs are selling in India while simultaneously buying in markets perceived as beneficiaries of the AI-driven rally, such as the US, China, South Korea, and Taiwan.
Factors Influencing Investment Decisions
The previous month, October, saw a brief pause in outflows with net inflows of Rs 14,610 crore, following significant outflows in the preceding months of August and September.
- FPI Equity Outflows (November, so far)
- Rs 12,569 crore
- FPI Equity Inflows (October)
- Rs 14,610 crore
- Total FPI Equity Outflows (2025)
- Over Rs 1.5 trillion
- FPI Debt Movement (November, so far)
- Rs 1,758 crore withdrawal (general limit), Rs 1,416 crore investment (voluntary retention route)
- India Inc Q2 FY26 Results
- Marginally better than expected, especially in mid-caps
- Markets Benefiting from AI Rally
- US, China, South Korea, Taiwan
Sources
Bullion Cues: Gold And Silver Consolidate
Index Outlook: Downside protected
US Market Outlook: At a crucial juncture
Q2 results FY26 to inflation data: Top five triggers for Indian stock market this week
Trade Setup for November 10: Nifty sentiment to remain choppy unless it breaks past key level
Buy or sell: Ganesh Dongre of Anand Rathi recommends three stocks to buy on Monday - 10 November 2025
Stocks to buy under ₹100: Sumeet Bagadia recommends three shares to buy on Monday - 10 November 2025
Sensex, Nifty Outlook: Q2 Results, Inflation Data To Guide Stock Market Mood Next Week; Details Inside
Global uncertainty, key economic data to keep Indian markets volatile, say analysts
Why Sensex, Nifty Slip After Hitting 52-Week Highs?
Foreign Investors Resume Selling, Pull Rs 12,569 Crore From Indian Equities In Nov; Here's Why
Goldman Sachs upgrades India to ‘Overweight’ – sees Nifty at 29,000 by 2026
Vijay L Bhambwani's Ticker: Bulls carry a heavy load
