Mon Nov 18 06:14:22 UTC 2024: ## Market Dip Temporary, Foreign Investors Will Return: Agrawal
**MUMBAI, November 15, 2024** – Market expert and Chairman of Motilal Oswal Financial Services, Ramdev Agrawal, has reassured investors concerned about the recent downturn in the Indian stock market. While acknowledging a slowdown in earnings and significant foreign institutional investor (FII) selling over the past 6-7 weeks, Agrawal stated that this phase is temporary. FIIs, he predicts, will return to the Indian market, though likely not at the same prices they sold at. He anticipates the Nifty index reaching around 30,000 upon their return.
Agrawal attributed the FII sell-off partly to investments in China and the US market following Donald Trump’s win, and partly to Indian company earnings not meeting expectations. He advised retail investors to remain patient and hold onto their investments. He acknowledged the recovery could take up to six months, but expressed confidence it would happen, suggesting fiscal and monetary support will be forthcoming. The current FII exodus, he emphasized, presents a buying opportunity for those with a long-term perspective.
First Piper 