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India's Financial Stocks Attract $1.66 Billion in October

11/7/2025

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Story summary
  • Foreign portfolio inflows into India's financial stocks totaled 146.10 billion rupees ($1.66 billion) in October.
  • Financial shares accounted for 91% of these inflows, amid steady earnings and valuations.
  • Fund manager Aditya Sood said credit growth in financials is expected to rebound.
  • Despite net selling by foreigners, the Nifty 50 and Sensex rose about 4.5% in October.
  • Oil and gas inflows rose, with Reliance Industries benefiting from festive demand.