India’s Nifty index shows modest one-year returns, lagging global peers. The IT sector, particularly Infosys and TCS, has dragged performance down. The next big sectoral laggard is power. Financials, however, have been strong performers, delivering significant returns. Analysts anticipate a constructive outlook for Nifty over the next year, expecting stability and selective recovery in key sectors.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an