Mumbai, Dec. 16 -- Even amid a broader market sell-off, which saw foreign portfolio investors (FPIs) pull a net Rs.3,765 crore from Indian equities in November, one sector stood out: telecommunications.

The outflow came after FPIs turned net buyers in October, snapping a three-month selling streak. Yet, in a striking display of selective buying, FPIs channelled Rs.14,326 crore into telecom stocks alone-their strongest monthly inflow since April 2022, according to the latest data from National Securities Depository Ltd (NSDL).

This performance made telecommunications the top-gaining sector in November, even as key segments such as realty and information technology (IT) saw FPI outflows. In October, when overseas investors poured Rs.14,61...