After two consecutive months of buying, foreign portfolio investors (FPIs) turned net sellers in September, pulling out Rs 35,860 crore from Indian equities amid global uncertainties, elevated US interest rates and high crude oil prices. The selling continued into October, with foreign investors pulling out another Rs 9,232 crore from equities on October 1, according to data from Central Depository Services Limited (CDSL). FPI Investment Trends The outflows came after FPIs invested Rs 20,200 crore in Indian equities in July and Rs 29,630 crore in August. With the latest selling, FPIs have now withdrawn around Rs 2.7 lakh crore from Indian equities so far in 2026, significantly higher than the Rs 1.66 lakh crore outflow recorded during the entire 2025.