INDIA MARKET LENS
◆ MixedInstitutional Flows

$56 bn FII outflows in 3 years offset inflows since CY2019: MOFSL

A institutional flows development with market-wide reach.

28 Sept 2026 · Business Standard Mkts

In contrast, DIIs pumped a record around $177 billion in Indian equities over the past 24 months, which is 23% higher than their cumulative inflows during the preceding eight years.

This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it.

Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.

  • This is a market-wide development — its reach goes beyond any single stock.