Fund manager Abhay Agarwal was surprised by the number of calls he took this month from international investors showing more than a passing curiosity about…
The National Stock Exchange of India, which is larger than the BSE by transaction value, has now taken Hong Kong’s place as the seventh-largest bourse.
“These are from family offices in Europe or some large investors in US who have .never bothered about investing in India,” said Agarwal, founder of Mumbai-based Piper Serica Advisors.
“I do not think anybody is going to wait for the next six months outcome. People are going to rush in and start allocating their longer term bets now and that is what is going on when we talk to the foreign investors. Everybody is asking for new ideas, where they can deploy capital. Sometime back, the conversation was about how much to take off the table, how much cash to sit on but that has all gone in the air now.”
India Business News: A stocks rally in firms owned by Gautam Adani added $5.6 billion to his net worth last week after India’s top court concluded hearings in a lawsuit pr