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Election verdict: India in a sweet spot to attract foreign capital, says IIFL's Nirmal Jain

The strong mandate for the incumbent government would revive economic growth and help address slowdown issues as bolder steps to speed up reforms and tackle fiscal deficit can be taken, says Nirmal Jain, Founder and Chairman of IIFL Group.
“India at this point is in a sweet spot to attract a lot of foreign capital, not only in market, but also by way of FDIs and that can give impetus to growth. There is lot of foreign capital sitting on the fence particularly because China is slowing down and investors are wary of US-China trade issues. Moreover, a stable government would encourage Japan to invest more,” he pointed out.
On a longer term, India is well placed to outperform other emerging markets as well as global markets, Jain added.

Market Movers

CompanyPriceChange%Loss
Divis Labs4,313.05 -75.00
Coal India157.15 -2.20
Bajaj Finserv11,798.70 -127.45
Hindalco390.85 -3.95
Dr Reddys Labs5,410.85 -50.50
CompanyPriceChange%Loss
Bajaj Finserv11,799.05 -132.75
Dr Reddys Labs5,414.90 -44.65
Titan Company1,723.50 -11.80
Sun Pharma673.20 -4.05
Bajaj Finance6,160.70 -33.50
CompanyPriceChange%Loss
Divis Labs4,313.05 -75.00 -1.71
Coal India157.15 -2.20 -1.38
Bajaj Finserv11,798.70 -127.45 -1.07
Hindalco390.85 -3.95 -1.00
Dr Reddys Labs5,410.85 -50.50 -0.92
CompanyPriceChange%Loss
Bajaj Finserv11,799.05 -132.75 -1.11
Dr Reddys Labs5,414.90 -44.65 -0.82
Titan Company1,723.50 -11.80 -0.68
Sun Pharma673.20 -4.05 -0.60
Bajaj Finance6,160.70 -33.50 -0.54

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.31250.04250.06
Euro-Rupee88.93600.26400.30
Pound-Rupee103.31200.06200.06
Rupee-100 Yen0.66590.00030.04