Expert view: A relief rally toward 23,800-24,200 possible; FPIs may return if dollar, bond yields peak, says Rahul Ghose
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Octanom Tech CEO Rahul Ghose expects the Nifty to end the year in the red, though a relief rally toward 23,800-24,200 is possible.
- ✓He said, "FPIs will come back when the dollar and US yields peak, not before." High oil prices and global shifts currently limit gains for the Indian market.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Octanom Tech CEO Rahul Ghose expects the Nifty to end the year lower, though oversold conditions could fuel a relief rally to 23,800-24,200. He says foreign investors are unlikely to return until US yields and the dollar peak, while high oil prices may limit broader market gains.
Expert view: Rahul Ghose, Founder and CEO of Octanom Tech and Hedged.in, sees a chance that the Nifty 50 will end the year in the red, with a better December than October. In an interview with Mint, Ghose said the market is oversold, so a sharp relief rally toward 23,800-24,200 is possible. Talking about foreign capital flows, he said FPIs will come back when the dollar and US yields peak, not before. Edited excerpts:
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