India’s sovereign rating upgrade by S&P is expected to lure back FIIs, boosting sectors like NBFCs and banks. Despite FII selling, DIIs remain strong buyers, fueled by robust SIP inflows. Experts suggest focusing on consumption-driven sectors like FMCG, autos, and travel, anticipating a demand revival spurred by government initiatives and RBI easing.
Global Market: South Korea’s Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans