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Telecom top pick for FPIs as IT, FMCG see big outflows
Mint New Delhi
|December 17, 2025
Even amid a broader market selloff, which saw foreign portfolio investors (FPIs) pull out a net ₹3,765 crore from Indian equities in November, one sector stood out: telecommunications.
The outflows came after FPIs had turned net buyers in October, snapping a three-month selling streak. Yet, in a striking display of selective buying, they channelled ₹14,326 crore into telecom stocks alone—their strongest monthly inflow since April 2022, the latest data from National Securities Depository Ltd (NSDL) showed.
This performance made telecommunications the top gainer in November, even as key sectors such as realty and information technology saw FPI outflows. In October, when overseas investors poured ₹14,610 crore into equities, telecom saw inflows of ₹2,160 crore. The sector has drawn net inflows of ₹47,988 crore so far in 2025, sharply higher than ₹23,737 crore in 2024 and ₹5,529 crore in 2023.
This story is from the December 17, 2025 edition of Mint New Delhi.
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