Foreign institutional investors offloaded Indian equities worth Rs 17,140 crore last week, extending April’s outflows to Rs 43,967 crore. This massive selling, driven by geopolitical concerns and a lack of clear sectoral leadership, led to sharp cuts in domestic indices. Global news flows, including US FOMC and Bank of Japan rate decisions, are expected to influence future institutional activity.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative