Samir Arora, founder of Helios Capital, stated that foreign institutional investors (FIIs) have largely completed their selling in Indian markets, attributing this trend to disappointing corporate earnings rather than reallocating funds to the US or China. He noted that the narrative suggesting investors might avoid China due to political factors may not hold true.
Samir Arora of Helios Capital maintains a bearish stance on sectors like consumer goods and certain automakers, believing that poorly performing assets can rebound quickly while strong performers remain stable. He notes the last three years have yielded historically low returns for the Nifty, although the NSE 500 index has shown better performance. Arora anticipates improvements in the market over the next year, emphasizing the need to define what constitutes a bull market.
FIIs are selling Indian stocks primarily due to disappointing corporate earnings, not reallocating to the US or China, according to Samir Arora of Helios Capital. He noted that global investors typically have minimal exposure to India and that weak earnings are unlikely to improve in the next few months, potentially taking six to nine months for recovery. Despite potential underperformance compared to US markets, there is no reason for pessimism regarding Indian markets.
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