India back on FII radar as oil prices fall and AI trade unwinds: Kotak's Nilesh Shah

CNBC TV18 reported that Nilesh Shah, Managing Director of Kotak Mahindra AMC, said India is back on foreign investors' radar as oil prices fall and the AI trade unwinds. He cited cheaper valuations, steady earnings growth and an improving macro environment as reasons foreign investors are showing interest, and also called for something more, which the headline does not spell out. FII means foreign institutional investor, a large overseas fund that buys Indian shares; their buying or selling is watched because it moves the market. Valuations are the prices investors pay for a company's earnings, and the macro environment means the wider economy, such as growth, inflation and interest rates. The report gives no figures for foreign inflows or outflows. This is the view of one fund manager, not Hypeless's.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18