The Hindu Business Line : Some feel FIIs may pull out, others don’t

Kolkata, Nov. 27 Mr Amitabh Chakraborty, President (equity) of Religare, said the events would affect FII sentiment in the short-term as country’s risk perception would go up.

“Indian equities and rupee are likely to see selling pressure. Moreover, new FII allocations, business meets, investor conferences and investment road shows lined up during this winter might be cancelled or postponed. Retail investors taken in by the dip in sentiment,” he added.

In Singapore Stock Exchange, the Nifty futures indicated weakness on Thursday.

Mr Arindam Ghosh, CEO of Mirae Asset Management, however, felt these unfortunate events were unlikely to come in the way of FII investments.

“Those who feel current valuations are attractive would not hesitate to invest. Local investors had shown resilience in the past and were expected to remain by and large circumspect.

According to Mr Arun Kejriwal of KRIS, market may open lower tomorrow but this might not induce additional weakness.

Mr Gul Tekchandani, a market strategist, did not expect any marked change in FII or retail investor behaviour.

According to Mr V.K. Sharma, Director of Anagram Securities, these events would indirectly impact the market in the medium-term through results in the forthcoming election in States.

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Financial markets closed; banks operate with skeleton staff

Investor sentiment may take a knock

Some feel FIIs may pull out, others don’t