Market Interviews

Markets not yet pricing in rate hike possibility: Aditya Khemka, InCred

A rate hike expectation should have taken the valuation below its historical average, as the earnings growth for the Nifty 50 has been below the historical average, says Khemka.

CAS to be beneficial for ETFs, index funds, says DSP MF's Ghelani

The passive fund could account for 30 per cent of the total mutual fund industry, said Anil Ghelani, Head of Passive Investments & Products, DSP Mutual Fund

Opportunity to raise money via NFOs maybe limited: Chirag Setalvad, HDFC AMC

The slowdown in NFOs is more to do with the product suite being complete rather than concerns on the market's trajectory, Setalvad said.

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.

'India has been competing for FII flows since 12 mths, but has been losing'

For FII flows to accelerate - lower crude oil prices, rupee stability and two consecutive quarters of earnings delivery without downgrades seem must, says Jignesh Desai of Centrum Broking.

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.

Time ripe for India to outperform Emerging Asia & EM: Dinshaw Irani, Helios India

It is best for the investors miss the India IT pack bus as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, Irani said.

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.

Cut small-cap exposure, stay selective in midcaps: Anand Rathi's Gaurh

Valuation comfort is the greatest in large-caps and select midcaps right now, while small-caps deserve caution, said Neeraj Gaurh, director at Anand Rathi Share and Stock Brokers

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