The Economic Times News

Improving consumption signals, strategic foreign bets lift India outlook despite FII selling: ASK Private Wealth

Indian markets may be nearing a turning point as consumption indicators improve and strategic foreign investors increase bets on financials, says ASK Private Wealth CIO Somnath Mukherjee. While FPIs remain net sellers, even small inflows could lift equities. He remains positive on InvITs, REITs and gold, citing structural demand and lower global interest rates.