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Foreign Portfolio Investors (FPIs) have continued their selling streak in Indian equities, offloading ₹30,015 crore in March so far. This follows major sell-offs in January (₹78,027 crore) and February (₹34,574 crore), bringing the total FPI outflows in 2024 to ₹1,42,616 crore.
FPI Selling Trend in 2024:
- January: ₹78,027 crore
- February: ₹34,574 crore
- March (so far): ₹30,015 crore
- Total Outflows: ₹1,42,616 crore
FPI & DII Activity on March 21
Foreign Institutional Investors (FIIs): Sold ₹793 crore worth of Indian equities
Domestic Institutional Investors (DIIs): Bought ₹1,724 crore, helping stabilize the market
The Indian stock market remained closed on Friday due to the Holi festival.
Expert View: Is FPI Selling Slowing Down?
Despite continued FPI outflows, experts believe the selling intensity is declining.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated:
“FPI outflows from India have mainly been redirected to Chinese stocks, which have outperformed other markets in 2025. The recent decline in the dollar index could limit fund flows to the US. However, trade tensions between the US and other nations may push more investments toward gold and the dollar.”
Key Trends:
China attracting more FPI investments due to its strong market performance.
Uncertainty from the US trade war could drive investors toward gold and the US dollar.
With dollar index declining, FPI selling in India may slow down.
Stock Market Reaction: Nifty Falls 0.7% Weekly
Nifty 50 closed at 22,397.2 on March 21, dropping 73.30 points (-0.33%).
On a weekly basis, Nifty declined by 0.7%, reflecting investor caution amid persistent FPI selling and global uncertainties.
Key Takeaways:
FPIs sold ₹30,015 crore worth of Indian equities in March, pushing total 2024 outflows to ₹1.42 lakh crore.
FIIs sold ₹793 crore on Thursday, while DIIs supported the market with ₹1,724 crore in net buying.
China is attracting more FPI investments, while trade tensions are driving funds toward gold and the dollar.
Nifty recorded a weekly decline of 0.7%, signaling cautious market sentiment.
While FPI selling pressure remains, the slowdown in outflows and shifting global trends suggest Indian markets could stabilize in the coming months.
