Share Market News: Market veteran investor and Chairman and Co-Founder of Motilal Oswal Financial Services Ltd. Ramdev Agarwal has made a big prediction about the stock market. He admitted that the earnings of Indian companies are declining, but he said that this is a temporary phenomenon and FIIs will return to the Indian markets.

Speaking at the CNBC-TV18 Global Leadership Summit, Agarwal said, "Company earnings are declining, so the challenge of earnings recovery is clearly visible. Maybe it will take 6 months for earnings to return, but earnings will come. We need financial or monetary support and I am confident it will come. For this, investors should be patient and wait. Foreigners are exiting today but when they come back to buy, they will not get the same prices. Maybe when they come back, the Nifty index will be at 30,000. Foreign investors exiting India may not find the same competitive value to enter elsewhere."

Foreign institutional investors (FIIs) have been selling in India for the last 6-7 weeks, due to many reasons such as China moving towards China, US markets looking attractive after Donald Trump's big election victory, cryptocurrency getting a boost from Trump's favorable comments, earnings valuations not getting good in India. What did Damani say? In a panel discussion organised with Ramesh Damani, owner of Ramesh Damani Finance Private Limited, Manish Chokhani, Director of Inam Holding Private Limited, Ashish Kumar Chauhan, Managing Director and CEO of NSE, Agarwal said, "The most important thing is to be patient while participating in the market. Another advice is to stay invested." FIIs, who sold heavily in October, continued this trend in November as well and have sold more than Rs 21,000 crore in Indian equities. The panelists involved in the program also mentioned their future bets. Damani further said that "The path to the country's development is infrastructure. The opportunity for digital public infrastructure is the best. Agarwal said that digital technology is a non-aligned opportunity. It will be a boom for many firms. Manish Chokhani said that if you are not investing in the financial sector, then invest now. Chauhan said that wherever there is capital investment - technology, biotech etc., there is an opportunity to earn." When asked what advice he would give to new investors, Raamdeo Agrawal said, "Stay fully invested. Sometimes it is painful, but over time it works - with the power of compounding. Patience is the most important thing in the market. When markets are falling, you need to be patient." Understand the power of compounding Damani said, "In 30 years I have learnt that you cannot time the market, you have to invest in high quality stocks for the long term. The lasting lesson I want to give to the world is to understand how compounding works. He further said that my advice to new investors is that you cannot time the market. Stay invested in high quality businesses and believe in the magic of compounding. Compounding is truly the wonder of the world."