Page 4 - Market Interviews

Markets in 2026: Avendus Wealth's Saurabh Rungta decodes an ideal portfolio

Corporate earnings growth is expected to sustain in the mid-teens for FY27. If markets follow earnings growth trajectory, we see Nifty around 28,500-30,000 by end-2026, Rungta said

First-time entrepreneurs making a mark on the market: Raamdeo Agrawal

India is entering a multi-decade wealth creation cycle, says Raamdeo Agrawal, who believes rising financialisation and equity participation will keep Sensex returns structurally strong

Nifty could outrun S&P in 2026, mirror earnings growth: Amish Shah, BofA

Our analysis over past two decades suggests Nifty sustains higher valuations only during periods of strong earnings growth/upgrades, which is unlikely next year, Shah said.

'2026 offers a strong case for foreign investor sentiment revival'

After significant outflows around $8 billion overall and $17 billion from equities, FII holdings are at multi-year lows, said Ankur Jhaveri of JM Financial Institutional Securities

Trading volumes not back to their peak, green shoots emerging: Gaurav Seth

Sebi's tighter derivative norms initially hit F&O trading volumes but confidence, new strategies and improved market sentiment are now aiding a gradual recovery, says Seth

Near-term lag, long-term leadership: India's market story endures

Samir Arora says India's policy stability, improving earnings and rising domestic flows leave no structural reason for global investors to stay underweight

InCred Wealth's 2026 game plan: Staggered bets on equities, metals

In an email interview, Yogesh Kalwani says he prefers a mix of largecaps and select mid- and smallcap names, with sector tilts towards BFSI and healthcare

Investors unlikely to make much money in India next year: Marc Faber

Investors should diversify, as we don't know what the world will look like in five years. Markets valuations are sky-high, but the economic reality for ordinary people is not good, Faber said.

EM equities, and India especially, on the back foot: Praveen Jagwani

The MSCI India Index has lagged broader EM by nearly 15 percentage points in 2025 - the widest gap since 2011

A large part of India's capital needs to be met via GIFT City: Ifsca Chair

K Rajaraman, chairman of the IFSCA, outlines how the IFSC is emerging as a hub for India Inc's foreign-currency needs

Next decade will unlock growth in retail investing: Angel One CMD Thakkar

Angel One CMD Dinesh Thakkar outlines how the company reached the No 3 spot in active clients, the structural changes shaping India's broking landscape, and why he foresees another wave of growth

AI stocks may correct, but a 2000-style crash unlikely: Vincent Nichols

While it is a crowded trade, ironically, we aren't seeing much new money flowing into it recently, says Vincent Nichols, investment specialist, US and thematic equity, at BNP Paribas Asset Management

Indian stock markets may see double-digit gains in 2026: Riddhiman Jain

With earnings expected to revive and valuations becoming more reasonable, the groundwork for the next upcycle is in place, said Riddhiman Jain of Waterfield Advisors

Q2 earnings reinforce confidence in growth revival, says Nimesh Chandan

Debt-to-GDP ratios in many countries are quite high, which could put pressure on bond markets, says Chandan

Expect a shift from derivatives to cash-market investing: Emkay's Karwa

As the global artificial intelligence (AI)-led trade moderates due to rich valuations, India will re-emerge as one of the most attractive growth markets in a slowing global environment, Karwa said

Execution, not valuation, is real risk in smallcaps: Equitree's Bharaddia

India's small and midcap profit pools are expanding faster than large-caps, driven by the manufacturing, capital goods, and infrastructure upcycle

The market is more likely to melt up than melt down: Stephen Dover

Monetary easing, strong earnings, and capital investment will drive markets higher, with India and other emerging markets set to benefit, says Dover

An IPO's on the table for near future: Equirus Group MD Ajay Garg

India is entering a sustained public-market boom - with rising entrepreneurial listings, deeper capital access, and a robust long-term outlook, says Garg

India in sweet spot, has tailwinds to deliver alpha returns: HSBC MF CEO

India's bull run is expected to sustain in Samvat 2082 driven by earnings, consumption, and industrialisation, said Kailash Kulkarni,CEO, HSBC MF

2025 may push IPO totals near or above 2024's record: Amit Ramchandani

With mega IPOs from Lenskart and Groww ahead, India's record ₹1.6 trillion fundraising looks set to be topped, says Ramchandani