FIIs continued to be net cash sellers to the tune of Rs4,361.99 crore as of 4th Sep’25
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, September 7, 2025: FIIs continued to be net cash sellers to the tune of Rs. 4,361.99 crore as of 4th Sep’25.
Q) How is the future FPI flow expected to be?
Global markets were influenced by (1) muted guidance from Nvidia, (2) uncertainty on the US tariffs after the US Court of Appeals ruled the tariffs imposed as unconstitutional and (3) continued weakness in the US job market, according to the US JOLTS report. Domestic equity markets were largely influenced by GST reforms, whereby the GST Council announced a broad rationalization of GST rates. On the macro side, (1) real GDP growth spiked to 7.8% in Q1FY26 (Q4FY25: 7.4%), (2) the center’s total receipts grew 7% yoy in 4MFY26, and (3) Q1FY26 CAD/GDP was at 0.2%. FPI flows are expected to remain volatile.
Q) How are other emerging markets performing?
FPI flows in Sep’25 till date were mixed for all key emerging markets. India, Brazil, Indonesia, Malaysia, Philippines, Thailand, and Vietnam witnessed outflows of US$371 mn, US$32 mn, US$254 mn, US$19 mn, US$29 mn, US$10 mn, and US$131 mn, respectively. However, S.Korea and Taiwan witnessed inflows of US$592 mn and US$488 mn, respectively.
