Market expert Raamdeo Agrawal predicts the Nifty might be around 30,000 when FIIs return

 

On November 14, market veteran Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services Ltd., admitted that India Inc.’s earnings are slowing down, but he said it is a short-term occurrence and that India’s solid economic foundation and room for expansion will eventually draw FIIs back at a higher entry cost as market valuations rise. “The cost of reentry will be significantly higher once they leave India, and the Nifty index may hit 30,000 when they return.”

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Let's talk

If you want to get a free consultation without any obligations, fill in the form below and we'll get in touch with you.