IPO frenzy attracts FPIs, even as stock selling hits ₹25,682 crore in September: Will trend continue? Experts weigh in
Indian markets moved higher in an institutional flows development.
· LiveMint Markets
FPI outflows totaled ₹2,41,572 crore in 2026, with distinct trends in stock preference. While FPIs sold large-cap stocks, they increasingly invested in mid- and small-cap stocks and IPOs, revealing a selective investment strategy amidst broader market pressures.
The analysis
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.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
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