Tag Archives: Bullish

FPIs remain bullish on Indian markets, pour $4 bn in July

Overseas investors have pumped a staggering $4 billion into the Indian capital market this month, primarily due to “better prospects” of economic growth as compared to other emerging markets. The latest inflow follows net infusion of Rs.1.6 lakh crore in the previous five months (February-June). In January, they had pulled out Rs.3,496 crore. “FPI inflow could be attributed to relative ... Read More »

SBI Begins To Look Bullish At Credit Growth

Arundhati Bhattacharya said the nation’s largest lender is likely to revise its credit growth target. Mumbai: State Bank chief Arundhati Bhattacharya on Tuesday said the nation’s largest lender is likely to upwardly revise its credit growth target for the current financial year beyond the budgeted 12 per cent. “We are already growing at very close to 12 per cent. This is ... Read More »

Goldman Sachs Remains Bullish, But Cuts Nifty Target To 8,200

Global investment bank Goldman Sachs has reaffirmed its overweight stance on India, days after presentation of Union Budget 2016. However, the investment bank has revised its December Nifty target to 8,200 from 8,600 earlier. This still implies a 10 per cent upside from current Nifty levels of around 7,400. Goldman Sachs expects the upside in Nifty to be driven by ... Read More »

MFs Bullish on IT Stocks; Exposure at Record High of Rs 43,000 Cr

New Delhi: Mutual Funds remain bullish on software companies, raising their allocation to all time high of over Rs 43,115 crore last month in view of the weakening rupee, which increases IT exporters’ profitability. In comparison, equity fund managers’ deployment in software stocks was Rs 35,463 crore in January last year. Industry experts said that fund managers have been raising ... Read More »