ETMarkets Smart Talk- FOMO among FIIs! In bull case, Nifty50 could top 24K: Vikram Kasat

economictimes.indiatimes.com:

“There is a kind of FOMO from foreign players as they can’t miss India as an investment but at the same time, they are also very specific about the sectors in which they want to invest”, says Vikram Kasat- Head Advisory, Prabhudas Lilladher Pvt Ltd. In an interview with ETMarkets, Kasat who has over 13 years of experience said: “In Bull Case, we value NIFTY at 10-year average (20.8x) and arrive at bull case target of 24353 (23878 at LPA PE)” Edited excerpts:Where do you see markets headed amid interest rate headwinds? The US Federal Reserve's decision to raise interest rates can have an impact on the Indian market, particularly in terms of capital flows and investor sentiment. In this case, it may lead to a strengthening of the US dollar, which could potentially put pressure on the Indian rupee and create volatility in the equity markets.

However, it's important to note that the performance of the Indian market is influenced by several factors, including domestic economic conditions, corporate earnings, government policies, and global market dynamics. While the US rate hike can introduce volatility, the overall performance of the Indian market will depend on how these other factors evolve.

And as all our economic indicators are performing at their best, India is placed at a preferred investment destination given that other countries like Europe and China are tumbling.Do you see FOMO in Indian markets or in any sector? There is a kind of FOMO from foreign players as they can’t miss India as an investment but at the same time, they are also very specific about the sectors in which they want to invest. It’s a market-specific FOMO but not sector specific.