INSUBCONTINENT EXCLUSIVE:
However, he acknowledged that it is difficult to find shorts these days because things have already gone down so much.
Biggest wealth,
according to Arora, has been created in select big companies this year, including TCS and Reliance Industries
Indian equity markets will continue for some more time, Arora told ETNow during an interaction.
He observed that India has not done very
badly in terms of outflows on a year-to-date basis
Domestic flows have kept the index higher in rupee terms
The BSE Sensex is up over 3 per cent in 2018 so far
Of late, oil prices have surpassed $85 per barrel in the global market
in 2019 and also believes that inflows by foreign portfolio investors will only rebound from hereon.
Overseas investors pulled a massive Rs
38,900 crore from the capital markets in October, the steepest in nearly two years, on elevated oil prices, a depreciating rupee and
worsening current account deficit.
With this, the total outflow from the capital market -- equity and debt together -- has hit over Rs 1
lakh crore so far this year.
Helios Capital is upbeat on private banks, insurance companies and NBFCs in the financial space
The money manager has shuffled NBFC names after absorbing the recent pain
It is also bullish on consumer and pharma in the defensive space.
