FPIs sell Rs 21,745 crore in second half of Sep, in oil & gas, auto & financials
Reliance Industries moved higher in an institutional flows development.
8 Oct 2026 · Economic Times Markets, ET Stocks
Foreign portfolio investors experienced a significant increase in selling Indian equities during the latter half of September. Financial stocks led the sell-off, with the highest outflows totaling around ₹6,943 crore. Oil and gas and auto sectors experienced notable selling, reflecting profit-taking and portfolio rebalancing.
The analysis
Reliance Industries reported Rs 21,745 crore and ₹6,943 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.4% on the day at ₹1,190.60, and has returned -7.7% over three months. It sits 25% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved +0.4% over the same period, so Reliance Industries is running 8.1 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Financial Services, Auto.
In this story
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