FPIs are back. Oil is at $92. What should Indian investors do now?
β’ Inderbir Jolly, CEO of PL Wealth, reports that Indian markets are seeing positive signals as foreign portfolio investors (FPIs) return and the monsoon recovers. β’ Despite domestic resilience, Jolly warns that high crude oil prices (currently at $92), geopolitical tensions, and global rate uncertainty will prevent broad-based market growth. β’ PL Wealth recommends that investors remain selective and focus on quality assets, specifically identifying banks, capex, and consumption as the next potential winners.
business-standard.com