FPIs pull out ₹36,000 cr from Indian equities in Sept as high oil, bond yields weigh — should retail investors worry?

Foreign portfolio investors turned net sellers in September, pulling out ₹35,860 crore from Indian equities, taking total FPI withdrawals in 2026 to ₹2.69 lakh crore, surpassing the ₹1.66 lakh crore outflow recorded for the entire 2025. The Nifty 50 has fallen over 14% in 2026, on track for its first annual decline in 15 years, with eight straight weekly losses. Elevated crude oil prices, rising US Treasury yields, a stronger dollar, and India's perceived lack of AI exposure are cited as key reasons making Indian assets less attractive to overseas investors.