FPIs have driven Sensex above 80,000, capitalizing on 7.2% GDP growth projections and fiscal prudence. The brief pullout is seen as temporary. Large caps gain focus amid rising valuations. Policy continuity, budget reforms, ministry formation, and positive monsoon prospects improve earnings visibility, enhancing India’s appeal to FPIs for sustained investment.
HDFC Bank shares in focus as Atanu Chakraborty quits, says certain values didn’t align; ADRs tumble 7%
HDFC Bank faces potential selling pressure as its part-time Chairman, Atanu Chakraborty, resigned citing ethical concerns over recent bank practices. Keki Mistry has been appointed