Overview
- Foreign portfolio investors pulled Rs 46,149 crore from Indian stocks so far in April, with Rs 8,205 crore sold over two sessions even after a two‑week US–Iran ceasefire lifted prices.
- Market data show the heaviest monthly FPI equity outflow on record in March and the biggest annual exit in FY2025–26 since records began.
- Zerodha’s Nithin Kamath said global interest has “pretty much died out,” citing oil shock risk, rich valuations, rupee weakness and a thin pipeline of AI plays, and he urged a rollback of recent capital‑gains and securities transaction taxes.
- Zoho’s Sridhar Vembu countered that India should not chase fickle foreign inflows and should focus on building domestic technology strength instead.
- India imports about 85–88% of its oil through routes such as the Strait of Hormuz, which leaves the rupee vulnerable when crude spikes and can shrink dollar returns for overseas investors.