FPIs Dump ₹14,474 Crore as Crude Prices Soar

Foreign portfolio investors (FPIs) sold ₹14,474 crore of Indian equities in September, reversing the positive flows seen during July and August.

The renewed selling comes as escalating tensions in the Middle East, surging crude oil prices, and concerns over inflation and interest rates weigh on investor sentiment.

Despite the selling through exchanges, foreign investors continued to deploy money in the primary market. FPI investment through the primary market stood at ₹1,336 crore up to September 12, taking their total primary-market investment so far this year to ₹47,183 crore.