foreign money

FPI: Financial services stocks remain top FPI pick in December

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Mumbai: Financial services stocks remained the top pick of overseas fund managers in the second half of December after witnessing record flows in the first part of the month. The sector received ₹6,277 crore in the period between December 16 and 30, according to the data from National Securities Depository Limited (NSDL). In the December … Read more

India bonds: Stars align for India bonds after first yearly gain since 2020

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Indian sovereign bonds, coming off the best annual performance in three years, are poised for further gains on expectations that their upcoming inclusion in a global bond index will lure big foreign inflows. The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years. It’s expected to slide by more … Read more