Business news · Markets · 03 Oct 2026
Foreign portfolio investors were net sellers of Rs 35,860 crore of Indian equities in September, reversing net buying of about Rs 49,830 crore across July and August, and sold a further Rs 9,232 crore on October 1. Domestic institutions bought a net Rs 33,460 crore in September. Outflows for 2026 so far are about Rs 2.7 lakh crore, against Rs 1.66 lakh crore for the whole of 2025. A fund manager quoted in the report attributed the selling to crude prices, a weak rupee, US yields near 5%, profit-taking and a shift of money to AI-linked North Asian markets. The rupee fell to about 96.3 per dollar on October 1.
Large-cap banks, financial services firms and other index heavyweights have the highest foreign ownership and are the most exposed to this kind of selling; brokers and exchanges see it in traded volumes. Mutual funds and insurers, funded by SIP and premium flows, took the other side for most of the month, which kept the net drain on the market far smaller than the foreign figure alone. SME and smaller listed companies have little foreign ownership and the report says they were relatively insulated. The outflows also add to pressure on the rupee, which matters for importers of crude and electronics and for companies with foreign-currency debt, a point SBI Research raised ahead of the RBI meeting on October 5-7.
Reported by The Hans India ↗ on 03 Oct 2026.
NSE stocks, from the last close on or before 03 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | +1.1% | 73 of 125 | +1.4 pts |
| All tracked stocks | 804 | -0.3% | 383 of 804 | — |
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