FPIs turn bullish on financials, autos and IT in first half of August

Financial services is one of the sectors which has very clear growth visibility over the next 3-5 years and is significantly undervalued. It can be a pick for the long term oriented FPIs,” said Vikas Gupta, CEO at OmniScience Capital. “IT seems more like a tactical trading bet given the huge uncertainty in terms of manpower, revenues and earnings predictably from a 5 year perspective.