FPIs pump ₹17,227 crore into Indian stock market in July, ending 4-month outflow streak. Can the comeback sustain?

Foreign Portfolio Investors pumped a net Rs 17,227 crore into Indian equities in July (up to July 22), snapping a four-month selling streak that saw cumulative outflows of Rs 2.31 lakh crore from March to June. Despite the recovery, FPIs remain net sellers for calendar year 2026 with total equity outflows of Rs 2.57 lakh crore so far. Analysts flagged rising crude oil prices amid West Asia tensions as a key risk to the inflows, while noting a global rotation away from semiconductor-heavy markets such as South Korea and Taiwan is supportive of Indian equities.