FPIs pull $3.6 billion in five sessions; markets stare at eighth weekly loss
Foreign investors sold Indian shares worth ₹10,148 crore on Oct 1 alone, taking five-session selling to about $3.6 billion and year-to-date outflows to $27.8 billion — keeping the Nifty and Sensex on course for an eighth straight weekly decline when trading resumes Oct 5.
The relentless foreign selling has been the dominant drag on Dalal Street, with the Sensex closing Oct 1 at 71,909.70 — down 570.59 points — and the Nifty at 22,421.95, down 198.50, ahead of the Oct 2 Gandhi Jayanti market holiday.
Elevated crude remains the key risk: high oil widens India's import bill, stokes inflation and pressures refiners and airlines. Brent hovered near $102 a barrel at the end of the week.
On the currency front, the rupee sank to a two-month low of 96.3150 per dollar on Oct 1 as surging US Treasury yields and FPI outflows weighed on emerging-market currencies.
