Retail investor participation in 2022 could slow a bit: Jigar Shah

Our Nifty50 target is 14,700, based on a one-year forward P/E ratio of 20x, a 10 per cent premium over the long-term average

Foreign flows into Indian equities have slowed against the backdrop of hawkish policies of global central banks and the possibility of a third wave of the pandemic in the country. JIGAR SHAH, chief executive officer, Kim Eng Securities India, tells Puneet Wadhwa in an interview that foreign inflows (into the Indian markets) could surge once the threat of the third Covid wave is over, and the path for economy/earnings recovery is clearer. Edited excerpts:

With the US Fed stance now clear, how do you see global financial markets playing out over the next year?

The US Fed policy action would