He said that there is scope for improvement of 10-15 per cent in the stock market, but considering the huge growth we have seen in the last one and a half years, it is marginal.
Veteran investor Mark Mobius is confident about the strength of the Indian stock market.
In recent times, many foreign institutional investors have withdrawn money rapidly from the Indian stock market. Despite this, world’s veteran investor Mark Mobius is not worried and he is confident about the strength of the Sensex. He said that there is scope for improvement of 10-15 per cent in the stock market, but considering the huge growth we have seen in the last one and a half years, it is marginal.
According to NSDL data, foreign portfolio investors (FPIs) have pulled out around Rs 29,500 crore from the equity market since October. In an interview with ET Now, Mobius said that I saw the corrections as a good buying opportunity in the market. I don’t think there will be any reason for us to exit the market amid the reforms. I expect the uptrend in the sexx to continue.
‘The market has benefited from the policies of the government’
There has been a lot of volatility in the Indian stock markets in the last one month. After reaching an all-time high in October, the market has fallen by 7 per cent due to worldwide inflation and rising Kovid-19 cases.
Mobius said that the market has benefited a lot due to the policies of the government. In addition, Indian companies have significantly improved corporate governance. The investment guru said he would continue to buy Indian stocks. Mobius has invested 50 percent of its investment in the markets of India and Taiwan.
‘Change in government policies threatens the market’
World’s leading investors have invested in stocks like Polycab, Apollo Tubes and Persistent Systems in India. He is also interested in fast-growing small banks, but says that these banks already have a large share in the Sensex. That’s why I have avoided investing.
With the advent of the new variant of Corona, Omicron, people as well as the market around the world are worried. Some health experts have also considered it more contagious. However, Mobius says that this does not necessarily mean that Omicron is bad for the market. The danger for them is from major changes in the policies of the government.
Last month, Mark Mobius had said that the Indian stock market will continue to rise for the next 50 years. Then in his statement, he had said that the Indian stock market will replace China, which has taken China to a new high in 30 years. He had said that India will soon be where China was 10 years ago.
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