Foreign investors continued to reshuffle their portfolios on a sector-by-sector basis in the second half of November, extending selling in consumer, financial and information technology stocks, while stepping up allocations to telecom, oil & gas and capital goods.

FMCG emerged as the worst hit among consumer-facing segments. FIIs offloaded Rs 2,722 crore worth of FMCG shares in the latter half of November, after selling over Rs 2,040 crore in the first half. Auto stocks also remained under pressure, with Rs 1,257 crore worth of selling in the second half following Rs 385 crore of outflows earlier in the month.

Financial stocks continued to witness sustained selling, with FIIs selling Rs 1,137 crore in the second half after exiting more than Rs 2,041 crore in the first half. The IT sector

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