Quote on Market Movement by Kislay Upadhyay, smallcase Manager and Founder at FidelFolio
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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The index opened with a gap-up and remained rangebound during the first half of the session ...
