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Domestic benchmark indices closed in the green on November 15. The BSE Sensex increased 3.28 percent and ended the first half of November at 65675.93 Similarly, the NSE Nifty 50 Jumped 3.6 percent, to 19,443.55. 

On a year-to-date basis Foreign Portfolio Investors (FPI) have invested over Rs. 1,42,829 crores in the Indian stock market, Foreign Portfolio Investors Invested almost Rs. 9,818 Crores in the first half of November. 

The Automobile and Auto Components sector had the largest outflow of FPI funds in the first half of November 2023 at Rs. 1,722 Crores, followed by the Information Technology sector which saw an outflow of Rs. 1,179 Crores, the Power sector saw an outflow of Rs. 1,412 Crores. 

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After US consumer price index (CPI)–based inflation eased in October and US 10-year bond yields significantly declined to 4.45 percent, foreign institutional investors (FIIs) ended their selling streak on November 15. 

According to Santosh Meena, Head of Research at Swastika Investment Ltd., “FIIs observed some buying activity in recent days, and there is potential for an acceleration in their buying momentum in the face of falling US bond yields and the dollar index.” 

Here are the three sectors that have seen huge outflow of FII funds in November 

Automobile and Auto Components 

FII Capital outflows from the Auto sector were Rs. 1,722 Crores in the first half of November month. The S&P BSE Auto Index has given 19 percent returns over the last six months. 

Here are the major Auto stocks in this sector such as Ashokley, Heromotoco, Tata Motors, and M&M. 

Information Technology 

FII Capital outflows from the IT sector were Rs. 1,179 Crores in the first half of November month. The S&P BSE IT Index has given 14 percent returns over the last six months. 

Here are the major IT stocks in this sector such as TCS, Tech Mahindra, LTIMindtree, and Infosys.

Power 

FII Capital outflows from the power sector were Rs. 1,412 Crores in the first half of November month. The S&P BSE Power Index has given 23.98 percent returns over the last six months. 

The leading stocks in this industry are NHPC, Torrent Power, Adani Green Energy Ltd., Inox Wind Energy Ltd., and Power Grid Corporation of India Ltd. 

Here are the three sectors that have seen huge inflow of FII funds in November 

Consumer service 

FII Capital Inflows from the Consumer Service were Rs. 836 Crores in the first half of November month. The S&P BSE Consumer Service Index has given 22 percent returns over the last six months. 

Here are the major Consumer Service stocks in this sector such as Jubilant FoodWorks, LT Foods, Nestle, Colgate-Palmolive, and Zomato. 

Healthcare 

FII Capital Inflows from Healthcare were Rs. 1,133 Crores in the first half of November month. The S&P BSE Healthcare Index has given 28 percent returns over the last six months. 

Here are the major Healthcare stocks in this sector such as Cipla, Divislab, Mankind, Lupin 

Telecommunication 

FII Capital Inflows from Telecommunication were Rs. 266 Crores in the first half of November month. The S&P BSE Telecom Index has given 22 percent returns over the last six months. 

Here are the major Telecom stocks in this sector such as Bhartiartl, Tatacomm, Idea, and Railtel. 

Written by Sriram KV