Indian Banking Stocks Gain Momentum With Rising Open Interest, Appealing Valuations


Good morning, this is Savio Shetty, an equities reporter in Mumbai. Earnings and trade developments are likely to dominate price action in Asian markets on Tuesday after MSCI’s gauge of global equities climbed to a record. At home, two Adani Group companies — Adani Green Energy and Adani Total Gas — are among those reporting results. The Nifty’s advance in Monday’s session means it is now less than 1% away from its all-time high. The gauge is likely to get there should this month’s momentum in foreign inflows continue. Global funds, which sold more than $9 billion worth of local shares on a net basis in the previous three months, have bought $1.3 billion this month through Oct. 24.



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