Financial services is a sector which comes under the category of being over owned by foreign portfolio investors. So whenever there is a global issue like the US Fed meeting or inflation risk, it is the financial sector stocks which tend to come under pressure. Will statements from the US Fed which come out after the Jackson hole meeting bring pressure on this sector once again.We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.
Some banking and finance sector funds are actively managed. Among passive schemes, some track Nifty Bank Index, Nifty PSU Bank Index and Nifty Private Bank Index.
Enam Holding s investment director holds a negative outlook on the insurance sector but is optimistic about the potential for growth and profitability in the asset managers operating in the financial savings space and the manufacturing sector.
Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index
Bandhan Mutual Fund introduces Bandhan Financial Services Fund - Bandhan Mutual Fund introduced the launch of the Bandhan Financial Services Fund, an open-ended equity scheme that allows investors to benefit.