India’s sovereign rating upgrade by S&P is expected to lure back FIIs, boosting sectors like NBFCs and banks. Despite FII selling, DIIs remain strong buyers, fueled by robust SIP inflows. Experts suggest focusing on consumption-driven sectors like FMCG, autos, and travel, anticipating a demand revival spurred by government initiatives and RBI easing.
Axis Bank shares rise 2% as lender set to invest Rs 1,500 crore into NBFC arm Axis Finance
Axis Bank shares gained after the lender approved a Rs 1,500 crore capital infusion into its NBFC arm, Axis Finance. The move follows a pause