He views India as a stabilising factor in a US-focused portfolio, and has been increasing his investments here during market corrections.
India remains Orton’s top international overweight position.
FIIs turned net buyers in Indian equities on November 26 for the second consecutive day. After 38 straight sessions of selling, they net bought around ₹11,000 crore in equities over two days, provisional data shows.
However, many analysts believe this inflow was the result of a MSCI rebalancing rather than any sustained trend reversal.
Among Orton’s top picks are ICICI Bank, which he believes is a prime asset in the financial sector with strong potential, and Bharti Airtel in the telecom sector., which has strong growth prospects, supported by tariff hikes and other positive factors.
These stocks could be attractive bets during market pullbacks.
Orton also believes Donald Trump’s presidency could benefit India, particularly when investors seek to hedge their portfolios against risks like tariffs.
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In contrast, China might remain a disappointment.
Many foreign investors who shifted their focus from India to China faced setbacks, he said, adding that this is also one of the reasons why FIIs will make a comeback in the Indian market.
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