The changes would make Nifty’s valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.
Foreign institutional investors have pulled out $18 billion from Indian equities since the Iran war began, dragging the Nifty down over 9% from its peak.
HDFC Defence Fund significantly boosted its holdings in Hindustan Aeronautics and Eicher Motors during March, adding thousands of shares to its portfolio. The fund also
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