Foreign investors’ exposure to banking, financial services and insurance (BFSI) stocks reached a 26-month high of 34.2% in April, while local fund houses raised their exposure to non-banking financial companies (NBFCs) to a 38-month high of 8.3%.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention