 "Buoyed by robust buying from foreign portfolio investors (FPIs), Indian equity benchmarks soared to new heights on both intraday and closing levels on Friday. Strong foreign inflows also bolstered the rupee, which reached a two-month high against the")
The recent downturn in the equity market may see a reversal once the US elections are over, according to Quant Mutual Fund, which emphasises that the last month’s correction should be seen as an opportunity to build more resilient and rewarding portfolios.
In October, the equity market witnessed a sharp fall amid record selling of close to Rs 1 trillion by foreign portfolio investors (FPIs). The Nifty 50 ended the month with 6.2 per cent fall, the biggest monthly decline in the last four-and-a-half years. On Monday, the index corrected another 1.3 per cent.
“Correction will most likely be followed
