FIIs will pour in Money
The FIIs have been sanguine on Modi ever since he was nominated as the PM candidate by the BJP on September 13, 2013. The Nifty is up by 23% from that time. FIIs have pumped in around $ 6 billion in the current calendar year. We expect this amount to double in the balance 6 months. You can easily look forward to portfolio inflows at least $ 25 billion this calendar year.
Should you invest?
Our political fundamentals have changed for the better. Funds will flow in. PEs will rise. Earnings will rise later to justify earnings growth. Confidently go out and invest. The FIIs have never seen such a strong Government.
HDFC Sec has handpicked 4 large cap stocks and 5 small cap stocks which look attractive at this point of time.