Crude oil is the key to bringing FII money back to Dalal Street: Equirus AMC’s Ashutosh Tiwari

Foreign investors may return to Indian equities only if crude oil prices cool, according to Ashutosh Tiwari, managing director and chief investment officer—public equities at Equirus Asset Management. While valuations have corrected and earnings growth is expected to improve, rising oil prices have emerged as the key trigger behind renewed FII selling and remain the biggest hurdle to a sharper market re-rating. Edited excerpts from a chat: Indian equities have corrected despite resilient economic growth amid FII outflows. What can we do to bring dollars back to Dalal Street? Since the Iran war began, FII flows into India have shown…