As FPIs retreat ahead of Budget, can fiscal prudence revive market momentum?
For four years now, January on Dalal Street has followed a predictable beat. Since 2023, foreign portfolio investors (FPIs) have used the pre-Budget weeks to retreat, seeking safety elsewhere. This year is no different. FPIs have been on a selling spree since November, with sharp outflows of over ₹36,000 crore so far in 2026 against…