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Nifty Bank outlook: The positioning in banking appears to be heavily short, indicating the potential for some covering-led action, which could result in gains of around 2-2.5 per cent by mid-month, Nuvama said.
The highest inflows across all indices are expected from Shriram Housing Finance, HDFC Bank, and Jio Financial Services. The highest outflows are expected to be from SBI, UPL, and ICICI Bank. NTPC could see an inflow of $ 71 million due to an increase in weightage in the Nifty CPSE Index.
The highest inflows across all indices are expected from Shriram Housing Finance, HDFC Bank, and Jio Financial Services. The highest outflows are expected to be from SBI, UPL, and ICICI Bank.