positive
Recently
Banking and financial stocks positioned for next leg as FPI flows may revive
No Image
Piper Serica’s Abhay Agarwal sees FPIs returning and rate cuts driving a rally, with banks and financials leading the next phase in India.
Fund manager Abhay Agarwal of Piper Serica turned bullish on Indian equities, citing potential foreign portfolio investor (FPI) return and expected interest-rate cuts. He identifies banking and financial-services sectors as leading candidates for the recovery, while suggesting IT may lag and domestic sectors like FMCG, manufacturing may outperform. With nearly a year of market consolidation behind, Agarwal views the second half of FY26 as crucial for earnings revival and structural rotation into cyclical themes.