The biggest immunity shot for FPIs in the week gone by was a dovish US Federal Reserve as the central bank guided for interest rate cuts in 2024 after tightening them for more than a year.
“If you feel that the US economy is stabilising or rather there is a soft landing, then the whole economic atmosphere over there or rather all the IT companies, should see the positive benefits. Plus falling interest rates will obviously lift the valuation multiples also. FPI flows will be going into largecaps as small and midcaps cannot absorb those kinds of flows.”
Sonthalia comes with over three decades of experience in the financial services industry and joins the Emkay group from Motilal Oswal Asset Management Company
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