Foreign investors are selling Indian IT shares heavily. This trend continues as valuations remain high and AI opportunities are missed. Other sectors like consumer services and healthcare also saw selling. Delays in the US-India trade deal are a factor. Telecommunication sector received inflows due to a large deal. Oil & gas and ‘Others’ saw purchases. Investors remain cautious on India.
Private Banks, Energy and IT offer value in subdued market: Mark Matthews
Mark Matthews of Julius Baer highlights silver’s fundamental strength driven by industrial and defense demand, while gold’s support comes from Indian household wealth. He anticipates