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FPIs dump banking and finance stocks as Omicron concerns weigh

FPIs dump banking and finance stocks as Omicron concerns weigh

Financial stocks, which serve as a proxy to economic recovery, are facing selling pressure in the current market fall. Analysts have lowered the sector outlook amid lofty valuations and the rising probability of a cut in the GDP growth amid the rising spread of the Omicron variant.


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21 December 2021, 12:48