Foreign Portfolio Investors

FPI Selling Masks a More Selective Bet on India’s Markets

Indian equities are under pressure from a familiar mix of elevated crude, firmer US Treasury yields, geopolitical risks and foreign portfolio outflows. But the pattern of foreign participation suggests this is not a clean exit: investors are still backing IPOs, selectively buying debt and showing interest in mid- and small-cap names. That split points to portfolio rotation rather than a broad withdrawal from India, even as headline selling in large-cap equities continues to weigh on sentiment and index performance.