Foreign portfolio investors trimmed holdings in Indian equities to a 14-year low, but Goldman Sachs said the heavy selling is nearing its end. In its latest India Strategy report dated May 9, 2026, Goldman Sachs noted that while foreign ownership had fallen below domestic institutions for the first time in over two decades, the next wave of re-entry could take time. “While the bulk of foreign selling was likely behind us, foreign re-buying could still be impeded in the near-term,” the firm wrote in the report, citing weak earnings visibility and unattractive growth-adjusted valuations compared with North Asia.