Foreign portfolio investors (FPIs) flocked to Indian markets in early December, pouring ₹22,766 crore, primarily into financial services, IT, and real estate. However, oil and gas, auto, and FMCG sectors witnessed outflows. While financials saw significant withdrawals throughout 2024, telecom and services experienced renewed interest after November’s outflows.
Banks, power finance and infrastructure to lead next leg of market rally: Pankaj Pandey
India’s banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities’ Pankaj