Record Bond Inflows Ease India Equity Exodus

Record Bond Inflows Ease India Equity Exodus Good morning... I’m Pratigya Vajpayee in New Delhi, and I’ll be watching Indian equities like a hawk as they head into the final trading session of June with a chance to end both the month and the quarter on a positive note. It would mark only the second monthly advance of 2026 for the Nifty and signal a welcome change for the bulls after a difficult start to the year. Money is also flowing into Indian bonds as overseas investors warm to the asset class, and the rupee is likewise poised for a June gain versus the dollar after three months of declines. Meanwhile, there’s plenty of action in banking stocks, with a string of leadership changes keeping the sector in the spotlight. Kotak Mahindra Bank slid more than 3% after CEO Ashok Vaswani said over the weekend he would not seek another term, while Axis Bank and Bandhan Bank announced CFO exits after market hours. Late Monday, HDFC Bank named Rajiv Kumar, former finance secretary, as its part-time chairman, months after the surprise resignation of Atanu Chakraborty raised governance questions at the private lender. And on the subject of banks, keep an eye on Japanese PM Takaichi’s visit to India this week for meetings with PM Modi, since close ties between the countries have been giving Japan’s megabanks an edge as they make a push into India. That’s happening with the yen hitting its weakest level in four decades. [Image text:] MB36017430 133236