Lower Crude Prices and Global Stability to Fuel Market Growth in Upcoming Samvat, Says ANMI President Kamlesh Shroff

India’s macroeconomic environment is positioning itself favorably as it heads into the new Samvat year, with an anticipated economic growth rate exceeding 7%. Kamlesh Shroff, the National President of the Association of NSE Members of India (ANMI), underscores the positive impact of decreasing crude oil prices and improved global conditions, suggesting that these factors could invigorate domestic corporate growth compared to the previous year. The potential strengthening of the Indian rupee resulting from lower global crude prices could attract renewed interest from foreign institutional investors (FIIs) and foreign portfolio investors (FPIs), further bolstering equity market performance.

Shroff also pointed out the significance of a stable political landscape post-US elections, which is likely to alleviate geopolitical tensions. This clarity can enhance business confidence and reduce volatility in market activities, enabling companies to perform better than in the previous Samvat. Despite the net selling by foreign investors over the last two years, domestic investors have emerged as a robust support system for Indian equities, with substantial buying activity observed from retail and domestic institutional investors (DIIs).

The sustained participation of domestic investors, even amidst foreign selling pressure, has created a strong foundation for market resilience. Shroff’s optimistic outlook suggests that if foreign investors start re-engaging with the market, it would mark a significant turning point for Indian equities. Such developments would likely lead to increased market liquidity and further upside potential as domestic and foreign capital flows converge, driving sustained growth and stability in the Indian equity market.

Source: The Economic Times

(Expert Note: This intelligence brief was structured and verified by the Wealthova editorial desk.)