93% of FPI selling in last 12 months came from two sectors; any guesses?

93% of FPI selling in last 12 months came from two sectors; any guesses?

NEW DELHI: Banking and IT are the two sectors, which saw a bulk of foreign equity outflows on a trailing 12-month basis. In its latest report, said the bulk of the FPI selling on a 12-month rolling basis has been concentrated around financials and IT, with a 93 per cent contribution along with FMCG, other … Read more

Valuation worry? Have to live with higher mcap-to-GDP, PE, PBV now

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Stock markets globally have rebounded sharply towards their pre-Covid levels. Technology, pharma and IT have been a big gainers in the Covid situation and tech-heavy exchanges, Nasdaq (US) and Shanghai (China), are at all-time/yearly highs. Many other indices are only a few percentage points away from their respective peaks. The higher the government support, technology … Read more