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Equity indices are facing the longest run of foreign outflows in five years an exodus thats stalling the markets steady surge from pandemic lows in. However high-net-worth individuals those with.
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. Sameet Chavan of Angel One said he does not see Nifty50 surpassing 17350-17500 before the Budget. Invest in sharestock market and mutual funds consulting our experts at IndiaInfoline. Whatever breakout has to happen it is now likely to happen on or after the Budget only.
At present India does not allow foreign individuals to invest directly in its stock market. Till then one should expect a range-bound movement and should focus on stock-specific action he said.
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