Japan’s Nikkei rises as auto, bank shares gain

TOKYO, – Japan’s Nikkei share average rose on Friday as a weaker yen lifted automakers, and financial stocks gained after raising their annual profit forecasts. The Nikkei was up 0.8%…

FPI Sell-off: Financials, Oil & Gas, Auto sectors lead October FPI exodus amid shift to cheaper markets

Indian stock market faced a sharp correction in October, driven by sustained selling from Foreign Portfolio Investors (FPIs), who shifted to more attractively valued markets like China amid weaker domestic…

Fund managers bet big on financials: But why ditch banks for NBFCs?

Foreign portfolio investors (FPIs) have shown erratic behaviour when it comes to investing in finance and banking stocks, with buying sprees frequently interrupted by periods of selling. After significant selling…

Financial stocks overvalued amid short-term rally, says Emkay’s Seshadri Sen; picks HDFC Bank, IndusInd, Shriram Finance

The financial sector is witnessing a short-term rally driven by a potential recovery in deposit growth as the RBI embarks on its anticipated easing cycle. With moderate valuations attracting investors…