A sudden Rs 11,500 cr FPI stampede has just hit this sector

Summary: A wave of foreign money is suddenly flooding into this sector with surprising speed. In the last one month, FPIs have gone from being sellers to pumping Rs 11,500 crore into this pocket. What’s triggering this turnaround? And should you take notice? Read on to find out Foreign portfolio investors (FPIs) may have spent most of this year on the back foot in Indian equities, consistently turning up as net sellers. But even in a broadly risk-off mood, their money keeps rotating between sectors. And over the past month, one surprising corner of the market has caught their fancy: telecommunications. Not only did telecom attract the largest FPI inflows in the last 30 days, but the reversal has been dramatic. FPIs went from being net sellers to net buyers almost overnight. Between September 16 and October 15, 2025, foreign investors pulled out Rs 844 crore from the sector. Then, in the following 30-day window—October 16 to November 15—they pumped in a staggering Rs 11,500 crore. Oil & Gas came in a close second with Rs 11,035 crore, also flipping sharply from the prior period. The question practically asks itself: why this sudden burst of conviction? What might be driving the renewed enthusiasm Two recent developments may have moved the needle for overseas