Overview
- Net selling has reached Rs 93,698 crore so far in March, putting flows within roughly Rs 500 crore of the October 2024 record Rs 94,017 crore.
- Weekly withdrawals totaled Rs 35,475 crore, with FPIs selling on every trading day through March 20, according to NSDL data.
- Cumulative foreign portfolio outflows in 2026 have crossed Rs 1 lakh crore, reversing February’s inflow.
- Analysts point to higher crude prices above $100 a barrel, a weaker rupee near Rs 92 per dollar, and firmer US Treasury yields as key drivers of risk-off positioning.
- Financial services took the largest hit with Rs 31,831 crore sold in the fortnight ended March 15, while market gauges saw steep monthly declines, including an about 8.3% drop on the Sensex.