Page 3 - Market Interviews

Nifty may hit 28,615 by Dec'26 if FII flows rise, oil cools: Rajesh Palavia

Rajesh Palviya of Axis Direct believes that following the January peak of 26,373, Nifty's valuation premium over emerging markets narrowed significantly, establishing a healthier starting point for H2

CAS to make it tougher for retail traders to make money in F&O: Jimeet Modi

When the system becomes more complicated, it can create barriers and discourage participation, says Jimeet Modi, founder and chief executive officer of Samco Group

Q1FY27 earnings strong; manufacturing emerges as top bet: Sachin Bajaj

Over a three-to-five-year horizon, Sachin Bajaj of Axis Max Life said that he favours businesses with hard-to-replicate assets, pricing power, credible management teams and strong governance.

FY27 to be challenging for PSU banks, limited room for upside: Seshadri Sen

With limited RoA levers left and a risk of credit costs normalising, we see limited room for further upside in PSU bank stocks, said Seshadri Sen of Emkay Global.

Small, midcap valuations backed by strong earnings growth: Ramesh Mantri

"Sustained FII selling has hurt largecaps disproportionately because foreign investors typically have a higher allocation to these companies"

Nifty can rise 7-8% by year-end; avoid legacy IT stocks: Vinit Bolinjkar

Q1 FY27 has surprised positively at the aggregate level: ex-OMCs, corporate earnings grew around 17 per cent YoY, led by BFSI, metals, technology and autos, said Vinit Bolinjkar.

Earnings & fundamentals are beginning to matter again: Vaibhav Chugh, Abakkus MF

The biggest opportunity for a fund house to differentiate itself lies in the strength of its investment philosophy, people, and processes, Chugh said.

'Growth drivers inadequate, need post-Covid like investment push'

Taher Badshah, president and chief investment officer at Invesco Mutual Fund says Manufacturing, industrial capacity and initiatives like PLI need to be expanded meaningfully

ICICI Pru AMC's Rajat Chandak sees value in software & 2 more sectors

From a broader perspective, we continue to see value in areas like software where valuations remain reasonable relative to long-term growth potential, says Rajat Chandak.

RBI may hold rates, but 50-75 bps hike still in sight: Nippon India MF CIO

Nippon India MF expects the RBI to keep rates unchanged for now, while forecasting a limited 50-75 bps rate hike cycle over the next 12-15 months

Corporate earnings may see low double-digit growth in FY27: Alok Singh

Global uncertainties remain the biggest driver of market sentiment despite healthy domestic indicators, says Bank of India Mutual Fund CIO Alok Singh

India is being rediscovered as the premier anti-AI trade: Manish Bhandari

AI trade is unwinding from the inside. The largest hyperscalers are funding capex with debt at a scale that has turned free cash flows negative said Manish Bhandari, CEO at Vallum Capital.

Gold can hit $5500 by year-end; invest in a staggered manner: MOFSL

Even if silver performs, we believe the weightage for gold could be higher in one's portfolio, said Manav Modi of MOFSL.

Pharma top bet for H2-CY2026; be selective in banks, defence: Ajit Mishra

On the broader market outlook, Ajit Mishra, SVP-Research of Religare Broking says the Nifty remains in consolidation mode, with key support at 23,600. On the upside, bullish pivot stands at 24,600.

Dramatic rally elusive, but healthy returns within reach: Kunal Vora

BNP Paribas expects Indian equities to recover as earnings improve, with private banks, telecom and consumer staples favoured despite crude oil and geopolitical risks

Overseas investment limit for MFs needs a fresh look: Umeshkumar Mehta

Umeshkumar Mehta of SAMCO Mutual Fund has called for a review of overseas investment limits, saying this will allow Indian investors to play global themes such as AI, semiconductors and biotechnology.

Equities fairly valued, expect avg 5-7% real returns in 3-5 years: Gunwani

Bandhan AMC CIO Manish Gunwani says India's macro fundamentals remain strong, with financials, insurance and real estate best placed to drive FY27 earnings growth

Next two quarters will be tough for the markets, B. Gopkumar, Axis MF

We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.

Wealth opportunities exist across market spectrum: Baldev Prakash, SBICAP

Wealth creation opportunities exist across all the cohort of market and investors are recommended to adopt bottom-up stock specific approach, says Baldev Prakash, MD & CEO of SBICAP Securities.

Market re-rating will take time: 360 ONE Asset CIO Anup Maheshwari

he says that even a modest improvement in performance could trigger catch-up buying and support the next leg of the market rally