Record-breaking FII selling may have peaked, says Nomura. Why the Nifty target could rise

Foreign investors, known as FIIs, have been selling Indian stocks in record amounts since September 15, with a total outflow of around $8.8 billion. However, according to Nomura, this selling spree may be nearing its end, as outflows have slowed and Indian companies have started to perform well, with profit growth beating expectations. This could lead to a rise in the Nifty target, as valuations have fallen below their post-pandemic averages, making Indian stocks more attractive to investors.

Why it matters

FIIs may be nearing the end of their record selling spree in Indian equities, and earnings are beating expectations. This could lead to increased investor confidence and higher stock prices.

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