FIIs continued to be net cash sellers to the tune of Rs21,688.26 crore as of 18th Dec’25

Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 20 December 2025: FIIs continued to be net cash sellers to the tune of Rs.21,688.26 crore as of 18 Dec’25 (Till date).
Q) How is the future FPI flow expected to be?
Global equity markets priced in (1) concerns around AI data center investments, (2) softer-than-expected inflation prints in the US and (3) rising JGB yields. On the economy front, (1) November CPI inflation was benign at 0.71%, (2) the goods trade deficit moderated to US$24.5 bn in November, (3) goods imports declined 1.9% yoy in November, with non-oil imports contracting 21% mom to US$48.6 bn, led by a sharp decline in gold and silver imports. FPI flows are expected to remain volatile.