These investors bought shares worth ₹7,690 crore into India’s banking and financial services stocks in April, after being sellers to the tune of ₹15,700 crore in the sector between January and March 2023, according to data compiled by primeinfobase.com. In calendar 2022, FPIs sold banking and financial services shares worth ₹61,177 crore.
ETMarkets Smart Talk: Mid & Small Caps plunge 25%: A buying opportunity or more pain ahead?
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of