FPIs turn buyers in second half of November; Financial Services, IT, FMCG stocks see inflows
Live MintForeign Portfolio Investors adopted a more optimistic stance on the Indian stock market during the latter half of November, reversing the heavy selling witnessed in October and the first half of November. Sectors Attracting FPI Inflows FPIs turned bullish on the Financial Services sector during the second half of November, infusing ₹9,597 crore. The Information Technology sector also saw robust FPI interest, with inflows of ₹2,429 crore between November 16-30, building on the ₹3,087 crore inflow during the first half of the month, according to NSDL data. The Automobile and Auto Components sector continued to face significant selling pressure, with FPIs withdrawing ₹3,053 crore in the second half, following ₹4,411 crore outflows in the first half and ₹10,440 crore in October. In the Construction Materials sector, FPIs offloaded equities worth ₹1,913 crore in the second half, following ₹802 crore in early November and ₹3,440 crore in outflows during October.