Increasing FPI inflows into bank stocks hint at optimism ove

Increasing FPI inflows into bank stocks hint at optimism over macro recovery


Increasing FPI inflows into bank stocks hint at optimism over macro recovery
A rally in BFSI names helped Nifty50 climbed 6.5 per cent in May.
Synopsis
Foreign portfolio investors (FPIs) have pumped in $954 million (Rs 7,000 crore) in Indian banking stocks in the second half of May 2021, the highest among all sectors, data from NSDL show.
ET Intelligence Group: A high degree of concentrated bets on the Indian banking sector starting from the second half of May 2021 shows that foreign investors are building a strong case for a macroeconomic recovery in the country.
Foreign portfolio investors (FPIs) have pumped in $954 million (Rs 7,000 crore) in Indian banking stocks in the second half of May 2021, the highest among all sectors, data from NSDL show.

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