New Delhi, Oct. 8 -- Foreign portfolio investors (FPIs) extended their selling streak in September 2025, offloading Indian equities for a third consecutive month as they shifted capital to markets with cheaper valuations. Data from the National Securities Depository Ltd (NSDL) showed net FPI outflows of Rs.23,885 crore from Indian equities in September, taking the total outflow in the calendar year through October 7 to over Rs.1.61 lakh crore.

Heightened US tariff tensions, a recent hike in H-1B visa fees, stretched Indian stock market valuations, weak earnings growth, and a depreciating rupee prompted overseas investors to turn risk-averse. Notably, FPIs pared exposure to defensive sectors such as IT, pharma and FMCG, while selectively ...