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FPIs continue to bail out of financial services
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Mumbai: Foreign investors accelerated their selling in financial services in the second half of January, offloading ₹5,402 crore after having sold ₹3,190 crore in the first half. For 2025, outflows from the sector stood at ₹14,903 crore. "There are no serious valuation concerns in the financial services sector however, private banks did see some profit-booking as PSU banks outperformed on a relative basis," said Pankaj Pandey, head of Retail Research at ICICI Direct. Overall, overseas investors sold ₹29,056 crore across 15 sectors in the second half of January, shows NSDL data. In the first half, they had withdrawn ₹22,420 crore from 19 sectors. The healthcare sector saw outflows of ₹5,113 crore in the second half of the month. Foreign investors pulled out nearly ₹25,000 crore from the sector in 2025. Most pharma and healthcare companies with significant US exposure reported muted earnings this quarter, which could have influenced the selling, said Pandey. Global investors al...
Auto sales up 18% in Jan on strong rural demand
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New Delhi: Vehicle registrations, a proxy for retail sales, increased 18% from a year earlier in January to 2.72 million units thanks to sustained demand after tax cuts last year and improved cash flows in rural markets.Passenger vehicle sales rose by 7.2% to cross the half million mark in registrations last month, two-wheeler and commercial vehicle registrations grew by 21% and 15%, respectively, showed data collated by the Federation of Automobile Dealers Association (Fada) from the government's Vahan portal. Tractor sales rose 23% in January. Demand for construction equipment though continued to remain under pressure, declining by 21% on a high base.Auto sales had remained modest for most of calendar 2025, prior to the cuts in goods and services tax (GST) with effect from September 22. This led to a drop in vehicle prices, sparking a sales spurt.128172478 "January has delivered a strong, broad-based start to the calendar year," said CS Vigneshwar, president, Fada. ...