FPIs go big on auto as prospects look up

The auto sector is gradually gaining traction with institutional investors after a gap of nearly 10 months. Foreign portfolio investors (FPI) have invested $224 million (Rs 1,830 crore) in auto counters in the first fortnight of October when they just bought Indian equities worth $30 million (Rs 225 crore), data from NSDL show.

via Economictimes

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