March quarter snapshot: Banking & IT sectors among 5 FII favorites

March quarter snapshot: Banking & IT sectors among 5 FII favorites The S&P BSE IT index rose 8%, while Nifty Bank rose 12% hitting record high, S&P BSE oil & gas index gained 11% and Nifty Pharma gained 5% in the March quarter Foreign investors poured in more than Rs 46,000 crore in the March quarter into Indian equities with maximum investments in five sectors, including financials, IT and automobile. Total financial services sector witnessed the highest inflows as on March 31.
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