FPIs withdraw Rs 34,843 crore from Indian stocks; second straight month of selling spree

Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of substantial outflows amid concerns over high crude oil prices, global interest rates and the outlook for corporate earnings.However, foreign investors turned net buyers towards the end of the month, purchasing equities worth around Rs 6,300 crore between October 26 and 30.This followed net withdrawals of nearly Rs 2,700 crore in the week ended October 23, according to data from the Central Depository Services Ltd (CDSL).The latest buying indicates an improvement in near-term investor sentiment, although market experts cautioned that a single week of positive flows does not necessarily signal a sustained reversal.FPI outflows from Indian equities reach Rs 2.95 lakh crore in 2026Foreign investors had withdrawn Rs 35,861 crore from Indian equities in September.