FPI selling accelerates in October; ₹31,000 crore withdrawn in 4 sessions: What’s next for Indian stock market?

What happened: FPIs sold Indian equities for a fourth straight session in October, withdrawing ₹31,282 crore in four trading sessions after ₹35,857 crore of selling in September, per NSDL data. Key numbers: ₹31,282 crore withdrawn in four October sessions; ₹35,857 Why it matters: Gaurav Garg of Lemonn attributed the pressure to external factors including elevated crude, a weaker rupee, firm US bond yields, and global allocations shifting to AI-led North Asian markets. He said domestic SIP flows are cushioning the impact, but volatility could persist while crude and US yields stay elevated.

FPIs sold Indian equities for a fourth straight session in October, withdrawing ₹31,282 crore in four trading sessions after ₹35,857 crore of selling in September, per NSDL data.

Gaurav Garg of Lemonn attributed the pressure to external factors including elevated crude, a weaker rupee, firm US bond yields, and global allocations shifting to AI-led North Asian markets. He said domestic SIP flows are cushioning the impact, but volatility could persist while crude and US yields stay elevated.