 "With the new operational framework for reclassifying foreign portfolio investors (FPI) as foreign direct investment (FDI) upon breaching the 10 per cent threshold, certain overseas funds are set to get more flexibility in their India investments, exp")
Foreign investors turned net buyers in the second half of November, investing Rs 809 crore, after pulling out more than Rs 22,400 crore during the first half, according to data collated by primeinfobase.com.
They favoured financial services and IT stocks, while oil and gas, and auto stocks saw the maximum net outflows.
Financial services stocks saw buying worth Rs 9,597 crore, while IT stocks attracted Rs 2,429 crore. In contrast, the data reveals that oil and gas stocks saw selling worth Rs 6,132 crore.
The buying in IT was driven by a positive outlook for the US economy, a significant revenue generator for domestic software exporters.
Banking stocks also gained favour due to their double-digit growth prospects and expectations of easing policy rates by the Reserve Bank of India.
More From This Section
 "Equity markets around the world continue to be on a tear. The MSCI Global Equity Index is close to its lifetime highs, up a staggering 30 per cent over the last year. But it is not just equities; all asset classes have thrived in recent months.")
 "Nomura")
 "sebi market")
 "Jean Eric Salata, chairperson of EQT Asia and head of Private Capital Asia")
 "SEBI")
"Banking stocks are back as FPI favourites. Identifying sectors that can offer double-digit growth is difficult, many banks still show that promise," said Chokkalingam G, founder of Equinomics.
Fast-moving consumer goods (FMCG), realty, and capital goods stocks also saw buying worth Rs 2,184 crore, Rs 1,367 crore, and Rs 681 crore, respectively, from FPIs.
According to experts, FPIs have the highest sectoral allocation towards financials at 28.94 per cent, followed by IT at 9.9 per cent.
 "FPI, Foreign portfolio investment")
 "Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE")
 "Market, BSE, NSE, NIfty, Stock Market, investment")
 "Market, BSE, NSE, NIfty, Stock Market, investment")
 "Market, BSE, NSE, NIfty, Stock Market, investment")
