Indian equities are expected to extend recent gains in August, supported by foreign fund inflows. Analysts anticipate a continued upward move for the Nifty after recent consolidation periods. Foreign institutional investors have turned positive, marking their first net purchases since February. While geopolitical uncertainties remain, the unwinding of AI trade is seen as positive. Select large caps and specific sectors like NBFCs, pharma, metals, and realty may perform well.
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