Even as FPIs (foreign portfolio investors) continue to bet big on the Indian market, equity mutual funds (MFs) have turned defensive and have offloaded shares to the tune of $1.3 billion (Rs 9,043.2 crore) since the beginning of March (March 1 to April 23). Equity MFs have turned net sellers on the Indian markets for the first time since July 2016. In contrast, FPIs have invested a whopping $7.22 billion (Rs 50381 crore) in the Indian markets between March 1 and April 24, data with share deposit ..
Can the defence sector continue firing after 100% gains?
Read More