Kotak Mahindra Bank, India’s fourth-largest bank in terms of market capitalisation, could be the biggest beneficiary of the FTSE change. The stock is expected to see an inflow of $61 million from foreign portfolio investors (FPIs), according to data compiled by IIFL Alternative Research.
Nifty faces stiff resistance near 25,100; sector rotation is key
Markets remain cautious below the 25100 resistance, vulnerable to corrections and volatility. Sector rotation, profit protection, and modest leverage are key amid shifting momentum across