With the valuation differential coming down and Indian earnings likely to improve in FY27, foreign portfolio investors (FPIs) are likely to slow down selling going forward, analysts said on Saturday.

Sustained FPI selling continued in September with the sell figure through exchanges touching Rs 27,163 crore.

However, in keeping with the long-term trend of buying through the primary market, they bought equity for Rs 3,278 crore in September.

“The selling in September takes the total sell figure for 2025 to Rs 198,103 crore. This massive selling on top of the Rs 121,210 crore selling in 2024 takes the total FII selling to Rs 319,313 crores for the last 21 months,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.

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