FII portfolios appear bullish on financials: Citigroup

ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 23/05/12 Are Mutual Funds betting on Nifty?

Here is expert equity call for the day on how the markets are expected to trade:

Aditya Narain, Citigroup: USD 2.5 billion of foreign money flowed into India in the March-June quarter, while domestic MF flows were negative. A longer-term trend of foreign flows/market performance suggests that more and more foreign money is still moving the market. FII portfolios appear most bullish on financials, discretionary & industrials.