Expert view, Jan. 22 -- Vinit Bolinjkar, Head of Research, Ventura, says the Indian stock market is volatile due to US tariffs and FII selling. In an interview with Mint, Bolinjkar says he is cautiously optimistic about Nifty EPS growth at 8-16% YoY-the strongest in 8 quarters-driven by earnings upgrades after five downgrade quarters, though global volatility caps upside. Edited excerpts:

Nifty reached record highs in early 2026 but entered a consolidation, lacking sustained rally momentum. FII outflows dominate, with holdings dropping to a 15-year low near 17% after pulling Rs.2 lakh crore from sectors like financials and IT, plus fresh Rs.12,000 crore exits in January amid global risk-off.

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