FII vs DII in July–September 2026: the quarter's flows

The quarter in one paragraph

Foreign institutional investors (FIIs) sold a net ₹57,324 crore of Indian shares between 1 July and 30 September 2026. Domestic institutional investors (DIIs) bought a net ₹1,69,398 crore. The Nifty 50 closed June at 23,865.75 and September at 22,620.45, a fall of 5.2%.

Every figure here is NSE's provisional cash-market number in ₹ crore, the series we show day by day on the FII and DII data page. The quarter covers 65 trading sessions.

Five quarters side by side

Foreign selling has been the rule rather than the exception: FIIs were net sellers in each of these five quarters. But the July–September sale was about a third of the January–March and April–June sales, and the smallest since October–December 2025. FIIs were net sellers on 39 of 65 sessions, the lowest share of any quarter in the table.

DII buying was also the lowest of the five quarters, at ₹1,69,398 crore, against a high of ₹2,50,605 crore in January–March.

The three months

July and August were quiet by this year's standards. For comparison, FIIs sold ₹70,136 crore in April, ₹55,964 crore in May and ₹49,029 crore in June. Then September took back almost all of the calm: it alone accounts for 77% of the quarter's foreign selling.

The last three sessions

The September sale was lopsided. From 1 to 25 September, FIIs sold a net ₹18,531 crore. Over the last three sessions of the month, 28, 29 and 30 September, they sold ₹25,481 crore, or 58% of the month's total.

• 28 September: −₹5,353 crore
• 29 September: −₹9,980 crore
• 30 September: −₹10,148 crore, the largest daily net sale of the quarter

The selling carried into 1 October (−₹9,484 crore). Across the four sessions from 28 September to 1 October, FIIs sold ₹34,966 crore and DIIs bought ₹33,455 crore.

The quarter's best day for FIIs was 2 September, when they bought a net ₹6,688 crore.

Who absorbed the selling

DIIs were net buyers on 58 of the 65 sessions. On 38 sessions the two groups did opposite things: FIIs net sold while DIIs net bought. Over the quarter, DII net buying was 2.96 times the foreign net sale.

The largest single day of domestic buying was also 30 September, at ₹11,272 crore, a touch more than the foreign sale that day.

For the year so far (1 January to 1 October, 186 sessions), FIIs are net sellers of ₹4,12,552 crore and DIIs net buyers of ₹6,49,577 crore.

How to read this

Flows did not decide the quarter on their own. The Nifty 50 fell 5.2% in a quarter in which foreign selling was smaller than in the two before it. For where the index's valuation stands now, see the Nifty 50 P/E in October 2026.

These are cash-market numbers. NSE's daily release excludes futures and options, debt and IPO allotments. A fund that is sold down in the derivatives segment does not appear here.

Provisional is not final. NSE revises its figures, and the last session in a table can move slightly. The September detail is in FII vs DII in September 2026, and the first six months of the year in our first-half review.

This is a description of what institutions did, not a view on what they will do next.