Foreign portfolio investors (FPIs) have sold Indian stocks worth over ₹1.8 lakh crore in just the first four months of 2026, already surpassing the total outflow recorded across all of 2025. This makes it the heaviest FPI selling in the first four months of any year on record. Three factors are driving the exit: a weakening rupee, elevated oil prices, and limited exposure to artificial intelligence and semiconductor themes in India's listed market. When the rupee falls, foreign investors earn less when converting returns back to their home currency, making Indian assets less attractive. By contrast, South Korea and Taiwan are drawing stronger foreign inflows, helped by their deeper presence in the AI and chip supply chain. That means capital is rotating toward markets with direct exposure to the global tech rally rather than staying in India. Watch for whether the Reserve Bank of India steps in to stabilize the rupee, and whether any large-cap Indian tech or hardware listings shift the AI narrative. Until then, sustained FPI selling pressure is likely to weigh on broader market sentiment.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
