Foreign investors pull money from India as traders bet on Reliance
According to Moody's, foreign investors pulled Rs.48,056 crore from Indian equities in the week to October 23. The weekly recap also covers Reliance bets and Blinkit.
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what happened
According to Moody's, foreign portfolio investors (FPIs) withdrew Rs.48,056 crore from Indian equities through October 23. Cumulative net outflows this year have reached about Rs.3.10 trillion, nearly double the Rs.1.66 trillion recorded in 2025. Sentiment has been weighed by high crude prices, rising US bond yields and a stronger dollar.
Two traders have built large leveraged positions in Reliance Industries (RIL), each exceeding 3% of the marketwide position limit (MWPL). The bets come ahead of the IPO of Jio Platforms, in which RIL holds about 66%. Eternal raised its target for Blinkit dark stores to 3,500 by March 2027, up from 3,000, after 2,751 stores as of September 2026.
why it matters
The outflows matter beyond India's equity market. Heavy foreign selling combined with expensive oil and a firm dollar adds pressure on local stocks, while the planned Jio Platforms listing could give the subsidiary an independent valuation. The traders' rationale remains unclear, so the effect on RIL shares is hard to judge.
market impact
Indian equities and RIL: foreign outflows and the Jio Platforms IPO outlook weigh on investor sentiment
tags
instruments
sources
- Data recap: FPI selloff, Reliance bets, Blinkit's expansion plans — Moody's, 24 October 2026 at 07:43 UTC
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