Sameer Kaul from TrustPlutus Wealth highlights Quick Service Restaurants (QSR) as a dark horse sector, emphasizing the IT sector s challenging outlook. He discusses various market factors, including corporate earnings, FII flows, and Gen Z investing advice. Kaul says that given the surging monthly GST collections, we believe the earnings season will end on a positive note with no major hiccups.
"Our market has displayed resilience and has seen a maximum drawdown of just 6.5% in this phase (that too with FPIs in withdrawal mode). Given the relative strength of our market, we believe our benchmark index could pause and see some further time correction as opposed to deep cuts from the current levels of ~19000 Nifty."
FPIs extend buying streak in Indian equities in June: NSDL zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
BENGALURU (Reuters) - Foreign portfolio investors (FPIs) continued to buy Indian equities in the new financial year, having purchased shares worth 131.24 billion rupees ($16 billion) on a net basis in the first half of June, data from the National Securities Depository Ltd (NSDL) showed on Wednesday.