New Delhi, July 22 -- Foreign portfolio investors (FPIs) turned net sellers in the Indian stock market in July 2025, marking a pause after three consecutive months of inflows. This shift comes after FPIs began FY26 on a positive note with cumulative net inflows of Rs.38,673 crore in April, May, and June.

As per NSDL data, FPIs withdrew Rs.1,446 crore from the Indian equity markets during the first fortnight of July 2025. This compares with net investments of Rs.14,590 crore in June alone.

While FPIs continued to participate actively in the primary market - especially through Qualified Institutional Placements (QIPs) - they offloaded shares in the secondary market, citing stretched valuations and India's relative underperformance versus ...