Foreign buying in Indian stocks hits 23-month high in August, depository data shows
Foreign portfolio investors poured $3.1 billion into Indian equities in August, the highest monthly inflow in nearly two years, aided by domestic companies’ strong earnings outlook and the central bank’s measures to stabilize the rupee. FPIs were net buyers for a second consecutive month, with their purchases in August being the largest since September 2024, National Securities Depository data showed on Friday. Still, they remain on course for the highest-ever annual outflows from the country, with net sales worth $24.6 billion in the year so far, following a shift to markets with pure-play AI-linked companies such as Taiwan and South Korea earlier this year. Concerns about the impact of a surge in oil prices on India’s inflation also pressured foreign buying, considering the country is the world’s third-largest crude importer. Benchmarks Nifty and Sensex are down 7.8% and 9.7% in 2026 so far, among the worst-performing Asian and emerging markets. The trend, however, has reversed since July on worries that the companies making those massive investments in AI infrastructure may not reap their profits soon. Indian shares slip on global woes; MSCI rejig spurs stock-specific volatility
Foreign buying in Indian stocks hits 23-month high in August, depository data shows
Foreign portfolio investors poured $3.1 billion into Indian equities in August, the highest monthly inflow in nearly two years, aided by domestic companies’ strong earnings outlook and the central bank’s measures to stabilize the rupee. FPIs were net buyers for a second consecutive month, with their purchases in August being the largest since September 2024, National Securities Depository data showed on Friday. Still, they remain on course for the highest-ever annual outflows from the country, with net sales worth $24.6 billion in the year so far, following a shift to markets with pure-play AI-linked companies such as Taiwan and South Korea earlier this year. Concerns about the impact of a surge in oil prices on India’s inflation also pressured foreign buying, considering the country is the world’s third-largest crude importer. Benchmarks Nifty and Sensex are down 7.8% and 9.7% in 2026 so far, among the worst-performing Asian and emerging markets. The trend, however, has reversed since July on worries that the companies making those massive investments in AI infrastructure may not reap their profits soon. Indian shares slip on global woes; MSCI rejig spurs stock-specific volatility
