Foreign investors buy a net ₹6,837 crore, the most in a single day since October 2025
Provisional exchange data showed foreign portfolio investors bought a net ₹6,837 crore of Indian shares on 3 November, the largest single-day purchase since 28 October 2025. Domestic institutions such as mutual funds and insurers sold a net ₹3,679 crore, partly balancing the flow. The buying follows a year of heavy foreign selling: by late October foreign investors had withdrawn about ₹3.1 lakh crore from Indian shares in 2026, more than in all of 2025. Traders pointed to lower oil, mostly firm September-quarter results and reports that the government is reviewing long-term capital gains tax on shares, including for foreign investors. The finance minister said in October the government was willing to hear views, but no change has been announced. Bharti Airtel, HDFC Bank and ICICI Bank alone added nearly half of the ₹2.4 lakh crore gain in the market value of Nifty companies on the day.
The chain of consequences
- 1Oil falls from its October high and results season is mostly solid
- 2Reports say the government is reviewing capital gains tax on shares
- 3Foreign funds step up their buying
- 4Large banks, telecom and consumer shares get the biggest inflows
- 5Rupee firms to about 94.71 per dollar
Tends to gain
Large, widely held shares such as private banks, Bharti Airtel and consumer companies; the rupee
Tends to lose
Little directly; Indian funds were net sellers of ₹3,679 crore, taking some profits
If it reverses
If oil jumps again or US yields keep climbing, foreign selling could resume; they had pulled out about ₹3 lakh crore earlier in 2026.
Other stories today
- Brent settles at $103.60 after US strikes on Iran's Qeshm Island, as Qatar keeps talks alive
- US votes in midterm elections; 10-year bond yield rises to about 4.96%
- Consumer goods shares lead as Marico jumps about 10% after results
- Private banks rise 2%, state-run banks fall 1.3% as SBI reports results
- Reports of a capital gains tax review add to buying, but nothing is decided
- Power Grid falls 3%, the weakest Nifty share, as power utilities lag
- Defence shares extend rebound; BEL keeps its 15%-plus growth outlook
- Coal India reported to plan a $1 billion share sale in Mahanadi Coalfields
- Dr Reddy's rises 2% on HIV-prevention drug approval; Sun Pharma clarifies plant report
- Auto shares rise 1.7% for a second day after record October sales
- Apollo Hospitals and NHPC report September-quarter results today