<p>Bengaluru: Foreign portfolio investors (FPIs) bought Indian equities worth 9,001 crore ($1.08 billion) in November, snapping a two-month selling streak, data from the National Securities Depository (NSDL) showed.</p><p>Foreign selling had hit a nine-month high in the previous month as US Treasury yields hit 16-year highs and amid geopolitical concerns in the Middle East.</p><p>FPIs remained net sellers in the first half of November but turned buyers in the second half after soft US inflation data on November 14.</p><p>Comments by key Federal Reserve officials, including Chair Jerome Powell, added to rising odds of a Fed rate cut in March 2024, triggering a fall in US Treasury yields and a rally in global equities.</p><p>"FPIs sold off Indian equities in September and October due to global factors like a rise in crude prices, US rate concerns and geopolitical worries. All the three concerns have now receded, adding to the risk-on sentiment," said Sanjeev Hota, Vice President and head of research at Sharekhan by BNP Paribas.</p><p>India's Nifty 50 posted its biggest monthly gain since July 2022 in November, while the Sensex logged its best month in 2023, led by information technology and energy stocks.</p>.Indian equity market enters $4 tn m-cap club for first time ever.<p>What FPIs Bought in November</p><p>Consumer services, capital goods, realty and healthcare sectors witnessed the most buying in November. Realty stocks climbed 18.34 per cent in November.</p><p>FPIs were also net buyers in information technology stocks, reversing their selling in the first half of November.</p><p>The sector had seen outflows worth 3,262 crore amid weak results in October. The IT index added 6.54 per cent in November.</p><p>"The return of FPI inflows, along with persistent domestic institutional inflows, including money coming from the mutual fund route, have triggered a liquidity-driven rally in Indian markets," said Saurabh Jain, Assistant Vice President of research (retail equities) at SMC Global Securities.</p><p><em>($1 = 83.3500 Indian rupees)</em></p>
<p>Bengaluru: Foreign portfolio investors (FPIs) bought Indian equities worth 9,001 crore ($1.08 billion) in November, snapping a two-month selling streak, data from the National Securities Depository (NSDL) showed.</p><p>Foreign selling had hit a nine-month high in the previous month as US Treasury yields hit 16-year highs and amid geopolitical concerns in the Middle East.</p><p>FPIs remained net sellers in the first half of November but turned buyers in the second half after soft US inflation data on November 14.</p><p>Comments by key Federal Reserve officials, including Chair Jerome Powell, added to rising odds of a Fed rate cut in March 2024, triggering a fall in US Treasury yields and a rally in global equities.</p><p>"FPIs sold off Indian equities in September and October due to global factors like a rise in crude prices, US rate concerns and geopolitical worries. All the three concerns have now receded, adding to the risk-on sentiment," said Sanjeev Hota, Vice President and head of research at Sharekhan by BNP Paribas.</p><p>India's Nifty 50 posted its biggest monthly gain since July 2022 in November, while the Sensex logged its best month in 2023, led by information technology and energy stocks.</p>.Indian equity market enters $4 tn m-cap club for first time ever.<p>What FPIs Bought in November</p><p>Consumer services, capital goods, realty and healthcare sectors witnessed the most buying in November. Realty stocks climbed 18.34 per cent in November.</p><p>FPIs were also net buyers in information technology stocks, reversing their selling in the first half of November.</p><p>The sector had seen outflows worth 3,262 crore amid weak results in October. The IT index added 6.54 per cent in November.</p><p>"The return of FPI inflows, along with persistent domestic institutional inflows, including money coming from the mutual fund route, have triggered a liquidity-driven rally in Indian markets," said Saurabh Jain, Assistant Vice President of research (retail equities) at SMC Global Securities.</p><p><em>($1 = 83.3500 Indian rupees)</em></p>