Rahul Arora of CEO Nirmal Bang Institutional Equities says that while the foreign institutional investors (FIIs) are expected to remain patchy, the domestic institutional investors (DIIs) inflows will remain constant.
Rahul Arora of CEO Nirmal Bang Institutional Equities believe that the Nifty has fallen substantially and will not go below 7300-7400 level on back of strong fundamentals. Arora expects 10-12 percent upside in Nifty in 2016. Speaking to CNBC-TV18, Arora says that while the foreign institutional investors (FIIs) are expected to remain patchy, the domestic institutional investors (DIIs) inflows will remain constant. On sectors, Arora says that one must look at domestic-led sectors like urban consumption, cement, and rating agencies. Reform promises from the government will benefit such sectors, he says. However, he is cautious on IT despite depreciating rupee and says that falling rupee might help bottomline, but majour concerns looms over topline and volume growth for IT companies. On the suspension of circuit breaker system by the China Securities Regulatory Commission on Thursday, Arora says that one will have to wait and see how China market opens on Friday.
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