Foreign investors continued to divest from Indian financials in early May, withdrawing ₹17,960 crore due to concerns over tighter banking margins and lower appeal compared to other emerging markets. Overall outflows reached ₹38,443 crore across 19 sectors, with services attracting nearly 60% of the limited inflows.
Earnings growth to stay robust at 14–16%; IT correction a buying opportunity: Vikas Khemani
India’s IT sector is poised for a comeback, with AI expected to boost, not hinder, growth. Vikas Khemani of Carnelian Asset Management sees excessive pessimism,