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Foreign portfolio investors (FPIs) sold Rs. 21,043 crore of listed new-age tech shares through bulk and block deals from January 1 to November 3, 2026. They bought Rs 19,189 crore, making them net sellers of Rs. 1,854 crore, according to Prime Database.
Domestic mutual funds took the opposite position, buying Rs. 15,126 crore and selling just Rs. 868 crore. Their net purchases reached Rs. 14,258 crore, almost eight times the FPI net selling figure. The split came as foreign investors pulled money from India's wider equity market.
Prime Database tracked deals in listed new-age firms, not all trades across India's stock market. The figures show sharp differences between foreign and domestic institutional trading. FPIs sold more than they bought, while mutual funds recorded far larger purchases than sales.
Currency movements remain one factor behind foreign investment decisions. A weaker rupee reduces the value of Indian investment returns when overseas investors measure them in dollars. Concerns about company earnings and India's growth outlook can influence those decisions. Foreign investors may then direct capital toward other markets.
Rupee weakness can also affect venture capital fundraising. Domestic firms seeking commitments from overseas limited partners face additional pressure when currency changes reduce prospective dollar returns. This challenge extends beyond trading in listed shares and affects the capital available to investment funds.
Meanwhile, overseas investors withdrew Rs. 34,843 crore from Indian equities in October. That took cumulative equity outflows to around Rs. 2.95 lakh crore for 2026. Elevated global interest rates, geopolitical uncertainty, crude oil prices and rupee depreciation all formed part of the market pressures cited in the period.
Early financial backers appeared among the major sellers in new-age companies. Alpha Wave Ventures II LP sold shares worth Rs. 3,588 crore, while Alpha Wave Ventures LP disposed of another Rs. 2,665 crore. Together, the two entities sold Rs. 6,253 crore worth of shares during the reporting period.
Ribbit Capital V LP recorded sales of Rs. 2,667 crore. BNP Paribas Financial Markets sold Rs 2,526 crore, while Integrated Core Strategies (Asia) Pte Ltd sold Rs. 2,487 crore. These transactions placed venture-linked investors and financial institutions among the largest sellers cited in the data.
Bulk and block deals allow large shareholders to transfer sizeable holdings through the stock market. These transactions gave other institutions opportunities to buy shares as existing investors reduced their positions. Yet the sales data do not establish a single reason for every disposal.
Read More: Crude, FPI Outflows Threaten Indian Market Stability
SBI Mutual Fund topped the named domestic buyers with purchases worth Rs. 3,620 crore. ICICI Prudential Mutual Fund followed at Rs. 1,247 crore, while Mirae Asset Mutual Fund bought Rs. 1,214 crore. Kotak Mahindra Mutual Fund purchased Rs. 1,171 crore, and HDFC Mutual Fund acquired shares worth Rs. 1,061 crore.
The data also recorded Rs. 868 crore in sales by SBI Mutual Fund. Across domestic mutual funds, however, total purchases exceeded total sales by Rs. 14,258 crore. The figures show net buying during the period rather than a uniform buying pattern at every individual fund.
The ownership shift reached beyond new-age businesses. A separate analysis placed foreign ownership of listed Indian companies at 14.02% at the end of September. That marked the lowest level since December 2011 and showed how foreign participation had declined across the wider market.
Even so, foreign flows were not consistently negative. Overseas investors bought Rs 14,796 crore of Indian equities on November 5. That broader inflow followed the reporting period for the new-age company deals and did not reverse the net selling recorded in those specific transactions.
Foreign investors sold more new-age tech shares than they bought in bulk and block deals through November 3. Domestic mutual funds took the opposite position, with Rs 14,258 crore in net purchases. Currency pressure, venture investor sales and falling foreign ownership formed the backdrop to this shift.