Overview

• Overseas investors sold ₹1,583.37 crore of equities on Oct. 3, marking a ninth straight session of outflows, provisional NSE data show.
• Net cash share sales have reached ₹2.02 trillion through Oct. 1, the highest year-to-date tally in NSDL data.
• Domestic institutional investors remained net buyers for the 28th session on Oct. 3, purchasing ₹489.76 crore.
• Elevated valuations (Nifty one-year forward P/E about 19.35x), a 3.5% year-to-date rupee decline, and US tariff uncertainty are steering funds to cheaper markets that have outperformed in dollar terms.
• Government GST changes and a dovish RBI stance aim to cushion earnings, and analysts say selling could slow if valuation gaps narrow and the FY27 earnings outlook strengthens.