Page 2 - Market Lens
Inside Nifty's rise to new highs: Stocks and sectors driving the comeback
Recent upgrades by global brokerages such as HSBC and Goldman Sachs, which have turned overweight on India, have contributed to the upbeat momentum
 "Inside Nifty's rise to new highs: Stocks and sectors driving the comeback")
Smallcap stocks: Don't overlook this critical question before investing
Understanding smallcaps requires more than numbers. Harini Dedhia shares the single most important question to ask a smallcap company, to understand if it can truly scale and win market share
 "Smallcap stocks: Don't overlook this critical question before investing")
Consumption stocks yet to fully price GST 2.0 boost: Analysts
The consumer sector, according to a Motilal Oswal note, reported the third quarter of mid-single-digit earnings growth of 5 per cent year-on-year in Q2-FY26
 "Consumption stocks yet to fully price GST 2.0 boost: Analysts")
IT, pharma to gain most from rupee fall; don't jump to buy yet: Analysts
On Monday, the rupee advanced amid reports that the RBI resumed efforts to support currency via overseas and onshore markets
 "IT, pharma to gain most from rupee fall; don't jump to buy yet: Analysts")
BSE Smallcap index hits over 7-week low in trade; Symphony, CMS Info slip
The BSE Smallcap index is trading lower for the fourth straight day, quoting at its lowest level since September 30, 2025.
 "BSE Smallcap index hits over 7-week low in trade; Symphony, CMS Info slip")
₹50 trillion and counting: Equity mutual fund assets hit a new high
Steady inflows drive jump, cementing MFs as the go-to route for equity market participation
 "₹50 trillion and counting: Equity mutual fund assets hit a new high")
Nvidia's bullish outlook: What it means for Mag 7, Indian IT and FII flows
Nvidia projected fourth-quarter revenue of $63.7-66.3 billion, topping the $61.98 billion average analyst estimate, according to Bloomberg
 "Nvidia's bullish outlook: What it means for Mag 7, Indian IT and FII flows")
Sensex crosses 85,000 after 14 months; BEL, SBI among top performers
Sensex crosses 85,000 after 14 months, driven by financials and autos, while IT and consumer stocks lag; Bharat Electronics, Bajaj Finance, Airtel and SBI emerge as the biggest gainers
 "Sensex crosses 85,000 after 14 months; BEL, SBI among top performers")
Market forecast 2026: UBS, Franklin Templeton AMC, Emkay, others decode
Most brokerages remain optimistic on the road ahead for the Indian equity markets and expect the Sensex to hit new highs in 2026 provided earnings remain supportive
 "Market forecast 2026: UBS, Franklin Templeton AMC, Emkay, others decode")
Morgan Stanley's bull-case scenario: Sensex at 107,000 by December 2026
India is ending 2025 with its worst relative performance versus the emerging markets (EM) since 1994, Morgan Stanley said. Relative valuations, they believe, have corrected meaningfully
 "Morgan Stanley's bull-case scenario: Sensex at 107,000 by December 2026")
Equity mutual funds' cash piles grow even as inflows keep declining
Motilal Oswal MF and PPFAS MF added the largest cash buffers, shows report
 "Equity mutual funds' cash piles grow even as inflows keep declining")
Sensex at 300,000? It's very much possible! Here's the calculation
The superior EPS growth rate in India, Goldman Sachs believes, would come on the back of strong structural growth and demographic tailwinds
 "Sensex at 300,000? It's very much possible! Here's the calculation")
Midcaps shine in Q2 as cycle bottoms, says Motilal Oswal; OMCs, Metals lead
Corporate earnings logged a 3rd straight quarter of double-digit growth, underpinned by strong performances from OMCs, Metals, Telecom, Technology, Cement, NBFCs - Lending, and Capital Goods.
 "Midcaps shine in Q2 as cycle bottoms, says Motilal Oswal; OMCs, Metals lead")
Boiling over? Small and midcap multiples bubble, but PEG keeps lid on
Surface froth looks intense, yet expected growth tempers risk
 "Boiling over? Small and midcap multiples bubble, but PEG keeps lid on")
Indian markets a relative-return disaster; rupee bottom at 89: Chris Wood
The biggest risk to the bottoming out of the rupee, Wood believes, is the continuing resort to handouts in state election politics which have been a feature for the past two years
 "Indian markets a relative-return disaster; rupee bottom at 89: Chris Wood")
D-St to act as hedge for funds looking to trim global AI play, say analysts
Analysts are growing cautious about the surge in semiconductor and AI stocks, warning that stretched valuations may signal a bubble
 "D-St to act as hedge for funds looking to trim global AI play, say analysts")
Flexicap funds, commodity ETFs emerge as new investor favourites
Erstwhile favourites smallcap, midcap funds see a decline in investor interest
 "Flexicap funds, commodity ETFs emerge as new investor favourites")
Retail investors' NSE market-cap share at 22-yr high of 18.75% in Q2FY26
After four successive quarters of decline, total promoter ownership in NSE-listed and Nifty 500 companies held broadly steady at 50.1 per cent and 49.3 per cent, respectively, in Q2-FY26
 "Retail investors' NSE market-cap share at 22-yr high of 18.75% in Q2FY26")
Is the gold price rally trying to warn against a rise in inflation?
Christopher Wood, global head of equity strategy at Jefferies expects gold prices to hit $6,600/oz going ahead, up 57 per cent from the current levels.
 "Is the gold price rally trying to warn against a rise in inflation?")
India, US trade deal not priced in yet; can bring back FII flows: Analysts
Goldman Sachs sees a case for India to perform better next year, with growth-supportive policies, earnings revival, supportive positioning and defensible valuations
 "India, US trade deal not priced in yet; can bring back FII flows: Analysts")
