Foreign portfolio investors (FPIs) have again become sellers in November. They have pulled out Rs 12,569 crore from the Indian stock market so far in November amid weak global cues and risk-off sentiment. According to depository data, FPIs had made a net investment of Rs 14,610 crore in shares in October. Earlier in September, FPI had withdrawn Rs 23,885 crore, in August Rs 34,990 crore and in July Rs 17,700 crore.
According to news agency PTI, VK Vijayakumar, Chief Investment Strategist of Geojit Financial Services, says that till now in November, selling by FPIs has continued every trading day. This trend has contributed to India’s poor performance compared to other major markets this year. He said that a key feature of FPI activities in 2025 has been diversification of investments. On one hand, hedge funds are selling in India, while buying in markets like America, China, South Korea and Taiwan.
“India is currently perceived to be an underperformer in terms of Artificial Intelligence, and this perception is shaping the strategy of FPIs,” he said. However, Vijayakumar further said that AI-related valuations are now inflated. Potential bubble risks in global technology stocks could limit continued selling in India.
Foreign investors may remain cautious in the near future
Expressing a similar view, Wakarjaved Khan, Senior Fundamental Analyst, Angel One, said FPIs sold Indian stocks worth Rs 12,569 crore in the first week of November amid a global selloff in technology stocks in Asia and other key markets. The results of the second quarter of the financial year 2025-26 i.e. July-September of Indian companies have been slightly better than expected, especially in the midcap segment. But due to global headwinds, foreign investors may remain cautious about risky assets in the near future.
How much selling in the bond market
So far in 2025, FPIs have sold Indian shares worth more than Rs 1.5 lakh crore. So far in November, FPIs have withdrawn Rs 1,758 crore from the debt or bond market under the general limit. And Rs 1,416 crore was invested through voluntary retention route.