FIIs sold Indian stocks worth Rs 7,000 cr in 3 sectors. Will it worsen in Samvat 2079?

With India being the only market offering growth and stability along with status of least depreciating currency, analysts said we may not see major withdrawal of foreign funds from equities. “On a full year basis, we may not see FII flows in the next Samvat to be worse than that in the current Samvat as incrementally Indian markets will not look very expensive vis-a-vis its peers or its earnings growth,” said Deepak Jasani, Head of Retail Research, HDFC Securities

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