Foreign investors are selling Indian IT shares heavily. This trend continues as valuations remain high and AI opportunities are missed. Other sectors like consumer services and healthcare also saw selling. Delays in the US-India trade deal are a factor. Telecommunication sector received inflows due to a large deal. Oil & gas and ‘Others’ saw purchases. Investors remain cautious on India.
Sebi board meeting: PMS rules overhaul, FPI commodity trades among key decisions to watch out
Sebi’s upcoming board meeting aims to discuss significant changes to portfolio management services and settlement regulations. Proposed revisions could allow discretionary portfolio managers to make