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Today, we receive >US$82 billion as FDIs in a year as compared to

While headline index Nifty50 lost 3.03 per cent in May, the selloff was sharper in the broader market. Nifty Midcap 100 lost 5.33 per cent and Nifty Smallcap 100 slipped 10.2 per cent during the period. Since then, the indices have hit 52-week lows.

“The asset allocation recommended would vary across risk profiles if someone wants to deploy Rs 10 lakh now. I would encourage long-term investors with a high-risk appetite to bet on equities as we see the pain subsiding in the medium to long term,” says Sonam Srivastava.

Singhel has a rich experience in the insurance industry of more than 30 years. He has been with Bajaj Allianz General Insurance for over 20 years and is the Company’s MD & CEO for 10 years.

It all started late Sunday, when a sort of crypto shadow bank called Celsius Network suspended withdrawals from depositors who had been enticed by sky-high interest rates that, in retrospect, were likely too good to be true. By the end of the week, on the other side of the world in Hong Kong, the digital-asset lender Babel Finance also froze withdrawals.

“From a near term perspective 15,000 psychological level will be the first test of support while 15,900-16,000 zone on the upside coupled with the bearish gap will act as resistance,” says Viraj Vyas.

The Reserve Bank of India (RBI) also hiked the repo rate twice in the last two months by 90 bps. The selloff by the foreign institutional investors (FIIs) has led to domestic benchmarks falling over -17% from their highs, while select sectors were down by more than -20% on a YTD basis.

These strategies are at a nascent stage in India but they are getting investors’ attention, says Mumbai-based Vaibhav Sanghavi, who was among the first few fund managers to venture into hedge funds.

FPIs have been selling Indian equities relentlessly since the last nine months. Last month alone, equities worth Rs 45,276 crore were sold. Till June 17, FPIs sold stocks worth Rs 28,445 crore.

While FDI flows are likely to stay broadly stable, record portfolio outflows, especially in equities, and rising dollar funding costs will keep capital flows negative, at least in the near term. While the RBI has room to manage the resulting outflows, Barclays believes that the space for rupee stability was shrinking, given persistent and large current account deficits.