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Indian Stocks Plummet: 75% Below 100-Day Average Amid FPI Selloff
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CNBC TV18•01-10-2026, 21:14
Indian Stocks Plummet: 75% Below 100-Day Average Amid FPI Selloff
- •Three-fourths of Nifty 500 stocks are trading below their 100-day moving averages, indicating widespread market weakness.
- •Foreign portfolio investors (FPIs) sold $4.1 billion in September, contributing to $29.2 billion in year-to-date outflows.
- •The Nifty 50 has fallen 20% this year in dollar terms, making it the second-worst-performing major emerging-market benchmark.
- •Weak September auto sales, led by Bajaj Auto, further dampened investor sentiment, with the Nifty Auto Index down 10% this year.
- •Despite current weakness, some experts anticipate improvement if earnings recover and global headwinds like high US bond yields and crude prices ease.
Key Questions Answered
As of Thursday, about 75% of Nifty 500 constituents were trading below their 100-day moving averages amid an extended equities selloff and intensifying foreign portfolio investor selling.
Foreign portfolio investors sold about $4.1 billion worth of shares in September, bringing their total year-to-date outflows to $29.2 billion.
The Nifty IT Index has suffered the steepest decline among major sectoral indices, falling 25.3% this year.
