Stage set for the return of foreign institutions at rates showing signs of flattening. India expected to start cutting rates as the country heads towards General Elections in May 2024. Our sense is that we may see $45-50 bn coming into India in this period. In the last 18 months the rally has cooled off and retail sentiment is now relatively weak. But I think generally we are of the view that markets are set for a 12-15% rally in the benchmarks.”

Source: Economic Times May 30, 2023 10:42 UTC