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.
The flow into the banking
