Record outflows in FY26 mask a sharp rotation, with investors exiting IT and defensives while selectively backing capital goods, telecom and metals amid shifting earnings visibility ....
Domestic institutions have absorbed FPI selling in cash, but continued shorting in futures adds downside pressure; Monday’s expiry could amplify moves ....
The trend reflects a sharp shift from February, which had seen inflows of Rs 22,615 crore, the strongest in 17 months. With April’s activity, cumulative FPI outflows for 2026 have now reached Rs 1.8 lakh crore, according to NSDL data ... .