Foreign Portfolio Investors (FPIs) have sold more stocks than they have bought for the third day in a row. In September, FPIs bought stocks worth ₹15,423.4 crore. In contrast, domestic institutional investors (DIIs) bought a lot more, totaling ₹31,860.3 crore.
On Tuesday, FPIs sold stocks worth ₹5,579.4 crore, according to the National Stock Exchange (NSE). This follows a big sale on September 30, when they sold ₹9,791.9 crore worth of stocks. This was the largest single-day sale since June 4, when they sold stocks worth ₹12,436.2 crore.
Even though FPIs are selling, domestic institutional investors have continued buying stocks for seven straight days. They purchased stocks worth ₹4,609.6 crore, according to NSE data. Retail investors, who are regular investors, have been selling their shares this month.
In September, FPIs invested a total of ₹55,855 crore, while domestic investors increased their investments by ₹17,421 crore.
During the same month, retail investors in the Indian stock market changed from buying to selling. This was the biggest sell-off since March 2024, with investors selling over ₹7,500 crore in shares.
On the other hand, promoters are benefiting from the strong stock market rally by selling shares worth over ₹40,000 crore in the open market so far in the September quarter. Around 180 companies have seen their promoters decrease their holdings, indicating that stock prices are high enough for them to realize profits.
So far this year, FPIs have been net buyers of Indian stocks, investing more than $12 billion. They have also put a lot of money into Indian debt. In September alone, FPIs invested $3.75 billion in debt securities, bringing their total for 2024 to $17.09 billion. If we look at all types of investments—such as debt, equity, alternative investment funds, mutual funds, and hybrid funds—FPIs have invested about $30.66 billion this year. This amount is more than last year’s total of $28.70 billion.
As of now, foreign institutions have bought Indian equities worth ₹94,183 crore in 2024, according to the National Securities Depository Ltd. data up to the last trading day.
In short, while FPIs are selling stocks in recent days, they have still made big investments in the Indian market this year. This shows a positive trend in foreign investments overall.
