FPIs withdraw 13,100 crore from equities in 2 weeks

New Delhi: Foreign investors pulled out Rs 13,138 crore from Indian equities in the first half of Sept, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite.The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and Aug, infusing Rs 20,200 crore and Rs 29,630 crore, respectively, according to data from the Central Depository Services (India) Ltd (CDSL). Prior to that, FPIs remained net sellers for four consecutive months from March to June.With the latest withdrawal, the total outflow from Indian equities by FPIs has climbed to Rs 2.4 lakh crore so far in 2026, surpassing the Rs 1.7 lakh crore withdrawn during the entire 2025, the data showed.Vedant Gupte, co-founder and CEO of investment platform Trackk, said the Sept selling was driven more by global factors than domestic concerns. "Sept selling is a dollar-and-crude story, not an India story. When US yields firm up and oil climbs, money leaves every emerging market," he said.Brent crude surged to $109.9 per barrel on Friday and continued to remain above $102 per barrel, its July-high level, amid heightened geopolitical uncertainty.Looking ahead, FPI flows are likely to be influenced by the Iran-US conflict and its impact on crude oil prices. Foreign investors also extended their selling to the debt market.Get the latest Business News and Live updates. Download the TOI app.