November Snapshot: FPIs Turn Sellers Again, DIIs Anchor the Market, MFs Strengthen Deployments
November’s Sectoral Shifts: FPIs Turn Aggressive Buyers in Telecom & Energy
- Telecom & Oil & Gas Drive Inflows: FPIs displayed strong conviction in high-beta sectors during November, with Telecommunication topping the chart at ₹14,326 Cr, supported by sustained tariff hikes and improved cash-flow visibility. Oil & Gas followed at ₹7,169 Cr, driven by firm crude price trends and upbeat forecasts for gas transmission and refining segments. Capital Goods (₹2,495 Cr) continued to see healthy buying as industrial capex momentum remained robust, while Diversified (₹56 Cr) and Utilities (₹35 Cr) saw measured inflows.
Selling Pressure Intensifies in Consumption & IT-Heavy Sectors
- IT, FMCG & Consumer Services Witness Heavy Selling: Outflows were concentrated in defensives and consumption-oriented spaces. Information Technology recorded net selling of ₹5,794 Cr, though the second half saw some easing, hinting at tactical stabilization after months of persistent liquidation. FMCG (₹4,764 Cr) and Consumer Services (₹3,993 Cr) faced strong withdrawals through the month, reflecting concerns around slowing demand, margin pressures and stretched valuations.
- Financials & Power See Moderation in Outflows: Financial Services saw net selling of ₹3,178 Cr, with the first half accounting for a larger share of the unwinding as FPIs booked profits post strong quarterly results. Power (₹2,615 Cr) experienced outflows primarily in the early part of the month as valuations normalized across utilities and generation companies.
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