Overview

• Foreign portfolio investors withdrew a net ₹20,975 crore from Indian equities between August 1 and 14, taking 2025’s total equity outflows to about ₹1.16 lakh crore.
• FPIs concurrently invested roughly ₹4,469 crore in the debt general limit and ₹232 crore via the voluntary retention route.
• Analysts point to US-India trade tensions, weak first-quarter earnings, a weakening rupee, geopolitical uncertainties and an unclear US rate trajectory as drivers of the selling.
• Technology stocks have borne the heaviest losses, while banking and financial shares have shown resilience owing to attractive valuations and domestic institutional support.
• Investors are also monitoring the effects of S&P Global Ratings’ upgrade of India’s credit rating and the outcome of a proposed tariff review scheduled for August 27.