India's stock market resilient enough to withstand external shocks: Nomura

Indian companies have raised $10.8 billion from first-time share sales this year

Nomura Holdings Ltd. expects India’s capital markets to be resilient in the event of foreign investors suddenly getting cold feet, as local financial institutions and the retail investors flocking to invest will continue to lend their support.
 

“Even if there is a shock in one pillar like a downturn in the flow of foreign money, it will be complemented by the domestic institutions and retail investors,” Mangesh Ghogre, executive director and head of equity capital markets at Nomura India told Bloomberg Television’s Rishaad Salamat and Haslinda Amin in an interview on Friday.

“In the past two years, especially after the pandemic