Cutting Sensex, Nifty targets now is premature: Harendra Kumar, Elara Capital

Data has shown that on falling market days, retail investors were net buyers, and on rising days, they were net sellers. So, the idea that they are always disadvantaged is a misnomer, Kumar said. Harendra Kumar, managing director at Elara Capital (Photo credit: Kamlesh Pednekar) Puneet Wadhwa Mumbai Listen to This Article There has been a steady pace of outflow of foreign capital from the Indian stock markets in the last few months. Harendra Kumar, managing director at Elara Capital, tells Puneet Wadhwa in an interview in Mumbai that while being less dependent on foreign capital sounds good, it also…