Do FPIs still drive Dalal Street? Here's what the data shows about domestic investors changing market dynamics
Last Update Date: 05-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that the shift of household savings into financial assets has reduced the market's dependence on foreign money, with SIP, insurance and pension flows making domestic institutions a strong counterweight. He added that FPIs still matter in large index stocks.
More of Abhishek's views on money management
The article examines whether foreign portfolio investors still drive Indian markets. It compares 2008 with 2022 and 2025, when heavy FPI selling did not stop the Nifty 100 from rising, explains the growing role of domestic investors, and sets out the rules on how FPIs can invest in India.
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Do FPIs still drive Dalal Street? Here's what the data shows about domestic investors changing market dynamics