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Quote on Market Movement by Kislay Upadhyay, smallcase Manager and Founder at FidelFolio
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Below the Quote on Market Movement by Kislay Upadhyay, smallcase Manager and Founder at FidelFolio
“Even assuming NDA forms govt again but with weaker majority, market could further fall down ~5% over next week. However, over next few months FPI money that is waiting on the sidelines in risk-off mode could come in heavy and fast as uncertainty around govt goes away. We saw outflow of ~25000cr in May. With great GDP numbers and govt uncertainty gone, we could see an inflow of 1.5trn over next 5-6 months alone.
This should result in healthy returns over next 6 months to 1 year.”
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