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ETMarkets Smart Talk: There will be FOMO among long only FIIs in Modi 3.0: Sorbh Gupta

“Given the development of Indian stocks, we predict that most FIIs will eventually return to the market with larger investments because they will feel a sense of FOMO,” says Sorbh Gupta, Senior Fund Manager – Equities, Bajaj Finserv AMC.
In an interview with ETMarkets, Gupta said: “India is a long-term story with solid economic expansion driving high earnings growth, all thanks to fundamentals,” Edited excerpts:

Despite challenges we have Modi 3.0 which looked a bit uncertain a few days back and the market has also recovered from the lows. But will it be a smooth ride? What are your views?
Earlier, the market predicted a continuation in political stability. But the margin was much closer than expected. However, even if the BJP didn’t win a majority on its own, the NDA is still probably going to form the government.

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