FIIs Await Global Stability Before Returning to Indian Markets, Says Goldman Sachs Strategist

Sunil Koul, Emerging Market Equity 
Strategist at Goldman Sachs, predicts that foreign institutional investors (FIIs) will remain cautious about Indian equities until global sentiments improve. Despite India's robust growth story, high valuations and a challenging macro environment have kept foreign allocations low. Koul anticipates a shift from capex to consumption stocks, with the recent tax relief potentially boosting discretionary spending. He expects the Indian market to remain range-bound in the near term, with a 12-month NIFTY target of 27,000.
Source: The Economic Times