FII inflow in November month was $1.08 Billion or Rs 9,001 crore: Here are three sectors that saw huge inflow
Foreign portfolio investors (FPIs) turned net buyers in the Indian stock market in November after two consecutive months of selling. Total FII inflow in calendar year 2023 now stands at $12.8 billion.
Domestic benchmark indices ended the November Month in the green. The BSE Sensex gained 3,113 points, or 4.9 percent, and ended the month at 66,988. Similarly, the NSE Nifty 50 gained 1,053 points, or 5.52 percent, to 20,133.
According to data from the National Securities Depository Ltd (NSDL), FPI inflows into Indian equities in November totaled Rs 9,001 crore, or $1.08 billion, compared to over Rs 14,767 crore and Rs 24,547 crore worth of funds outflow in September and October, respectively, totaling Rs 39,314 crore. FPI inflows totaled Rs 24,546 crore during the month, including debt, hybrid, debt-VRR, and stocks.
The buying by FIIs, DIIs as well and ever-bullish retail investors has led to an increase in the total market capitalization of all BSE-listed stocks to $4 trillion and catapulted the index to all-time high levels.
The decline in US Bond yields and the strong resilience of the Indian market have made FIIs reverse the selling strategy by buying stocks in the Indian market instead of selling shares.
The total buy figure of FIIs stands at Rs 1,82,775 crore which includes debt, hybrid,debt-VRR, and equities funds.
The entire amount purchased by FIIs is Rs 1,82,775 crore to date(07/12/2023), which includes debt, hybrid, debt-VRR, and equity funds.
Here are the top sectors that saw significant FII inflows in November.
Consumer Services Sector
Consumer services are the firms that operate in a variety of businesses including e-commerce, digital payments, ride-hailing, food delivery, online travel, local search, and healthcare.
This sector was seen as the favourite sector for FIIs in November month. On a year-to-date basis, the S&P BSE Consumer Discretionary index has risen 30 percent.
After selling in October, FII capital inflows into the Consumer Services sector totaled Rs 4,370 crore in November.
Here are the major Consumer Service stocks in this sector such as Jubilant FoodWorks, LT Foods, Nestle, Colgate-Palmolive, and Zomato.
Capital Goods Sector
This sector was seen as a second favorite sector for FIIs in November month, and this sector has seen impeccable inflows of FII funds from the October months. On a year-to-date basis, the S&P BSE Capital Goods Index has risen 59 percent.
In November, FII capital inflows into the Capital Goods sector were Rs 3,359 crore, up from Rs 857 crore in October.
Capital Goods has a market size of $43.2 billion in India. The capital goods industry is divided into ten sub-sectors, with electrical equipment being the largest, followed by plant equipment and earthmoving/mining machinery.
Healthcare Sector
The Healthcare industry in India comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The industry is growing at a tremendous pace owing to its strengthening coverage, services, and increasing expenditure by public as well as private players.
The digital transformation of India’s healthcare industry has the potential to accelerate tenfold, from $2.7 billion in 2022 to approximately $37 billion by 2030, according to a report by Boston Consulting Group (BCG) and B Capital.
In November, this sector was recognized as popular among FIIs. On a year-to-date basis, the S&P BSE Healthcare Index has returned 33 percent.
After selling Rs 1,081 crore in October, FIIs were net buyers in the Healthcare sector in November, buying Rs 1,493 crore.
Here are the major Healthcare stocks in this sector such as Cipla, Divislab, Mankind, and Lupin.
Written by Omkar Chitnis
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