Foreign portfolio investors (FPIs) sold a net ₹63,450 crore ($7.6 billion) of Indian equities during the first half of June 2026, intensifying a prolonged period of capital outflows from the emerging market.
The selling pressure was concentrated in the energy and financial sectors, which recorded the highest net outflows among all industry groups.
79 lakh crore ($33.6 billion), marking a significant shift in foreign capital flows.
The Oil, Gas & Consumable Fuels sector emerged as the primary target of foreign selling, trailing only the Financial Services sector, which saw net outflows of ₹11,263 crore.
This sector-specific pressure reflects broader risk-off sentiment among international investors, who are reducing exposure to cyclical and rate-sensitive assets in India.
The sustained selling has pushed total net outflows from Indian equities in calendar year 2026 to over ₹2.79 lakh crore ($33.6 billion), marking a significant shift in foreign capital flows.
The current wave of selling contrasts with brief periods of net buying observed earlier in the year, when geopolitical tensions cooled and foreign investors briefly returned to Indian equities.