Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies, anticipates a pre-Budget rally in IT, banking, FMCG, and power sectors, aided by post-election gains, rural spending, and renewables. Key areas include consumer stocks, affordable housing finance, and power financers like PFC and REC. Power cables and the beverage sector also appear promising with increasing power orders.
FPIs record unprecedented Rs 1.13 lakh crore sell-off in October, remain buyers in cash market
The duality in the behavior of FPIs is explained by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stating that the primary