Overview

• FPIs were net sellers for a ninth straight session on Oct. 3, offloading Rs 1,583.37 crore, while DIIs bought Rs 489.76 crore, according to NSE provisional data.
• Cash-share sales by FPIs reached a calendar-year record of about ₹2.02 trillion through Oct. 1, NSDL data show.
• Analysts cite a weaker rupee, elevated pricing and earnings downgrades as key drivers, with the currency down 3.5% year to date to 88.69 per dollar and the Nifty 50 at roughly 19.35 times forward earnings.
• In dollar terms India has lagged several major markets this year, with data highlighting stronger returns in indices such as Spain’s IBEX 35 and South Korea’s Kospi.
• India’s foreign-exchange reserves slipped to $700.23 billion in the week ended Sept. 26, as policymakers rolled out GST slab changes and RBI liquidity-supportive steps.