Energy, telecom continue to draw foreign flows in November

Mumbai: Energy and telecom received the highest foreign flows in the second part of November, continuing the accumulation in both sectors seen in the earlier part of the month and in October. Overseas fund managers pumped ₹4,913 crore into telecom during this period, following inflows of ₹9,413 crore in the first half of the month, boosted by block transactions in Bharti Airtel, where promoters cut their stakes. Foreign investors pumped in over ₹33,000 crore into the sector between January and October.

In the oil and gas and consumable fuel space, overseas investors bought shares worth ₹4,177 crore after investing ₹9,129 crore in October.