Page 8 - Market Lens
DBS flags 3 top risks to global markets in 2026; US tech correction looms
According to DBS, the first risk is a sharp correction in US equities, particularly in tech stocks linked to the AI investment wave.
 "DBS flags 3 top risks to global markets in 2026; US tech correction looms")
Nifty SmallCap tests 200-DMA; analysts see more pain ahead for the index
The Nifty SmallCap 100 index has shed 7 per cent thus far in 2025 amid liquidity constraints as analysts believe retail investors have preferred IPOs over smallcap stocks.
 "Nifty SmallCap tests 200-DMA; analysts see more pain ahead for the index")
Sensex falls 800 pts, Nifty below 26k: Why are stock markets falling today?
The BSE Sensex tumbled 803 points in the intraday to hit a low of 84,909, and the NSE Nifty50 also slipped below the 26,000 mark in the intraday to hit a low of 25,902.95
 "Sensex falls 800 pts, Nifty below 26k: Why are stock markets falling today?")
Hinterlands in the lead: Little places, big paces in mutual fund growth
Small towns, big moves: B30 assets jump 23%, leaving T30 growth of 14% in the rearview
 "Hinterlands in the lead: Little places, big paces in mutual fund growth")
RBI responded to economic data; markets to remain range-bound: Analysts
Besides cutting interest rates by 25 bps, the RBI also revised its GDP growth forecast for fiscal 2025-26 (FY26) upward to 7.3 per cent from the current estimate of 6.8 per cent
 "RBI responded to economic data; markets to remain range-bound: Analysts")
Gold price forecast 2026: WGC sees up to 30% rise amid flight to safety
On the downside, gold prices, WGC said, can slip 5 per cent to 20 per cent in CY26. For that to happen, Donald Trump's policies need to succeed, resulting in stronger-than-expected growth.
 "Gold price forecast 2026: WGC sees up to 30% rise amid flight to safety")
Largecaps to outperform in 2026 as SMID valuations look stretched: BofA Sec
Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside
 "Largecaps to outperform in 2026 as SMID valuations look stretched: BofA Sec")
Largecaps to outperform in 2026 as SMID valuations look stretched: BofA
Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside
Largecaps to outperform in 2026 as SMID valuations look stretched: BofA
Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside
 "Largecaps to outperform in 2026 as SMID valuations look stretched: BofA")
Largecaps to outperform in 2026 as SMID valuations look stretched: BofA
Bank of America (BofA) Securities said it continues to prefer largecaps over small and midcaps (SMIDs) in CY26 as valuations remain elevated and risks are skewed to the downside
This $48.7 billion in AUM fund manager bets on Indian equities for 2026
After a cyclical slowdown in 2025, wrote Gustavo Medeiros, head of research at Ashmore Group in a 2026 market outlook report, macroeconomic indicators in India are looking increasingly positive.
 "This $48.7 billion in AUM fund manager bets on Indian equities for 2026")
Retail investors sell ₹23,000 crore in two months as markets rally
The retreat from direct equities contrasts with continued inflows from domestic institutional investors
 "Retail investors sell ₹23,000 crore in two months as markets rally")
Rupee hits 90-mark against US dollar: Why, outlook and market strategy here
Dollar outflows from FPIs, trade deficit probably widening with export growth slowing down, and the trade deal with US is still not on the table are the three main reasons why the rupee is falling
 "Rupee hits 90-mark against US dollar: Why, outlook and market strategy here")
Debt repayment, capital expenditure: How IPO proceeds are being utilised
data on 189 IPOs where information is available show that the total amount to be raised through fresh equity was Rs 1.20 trillion, with another offer for sale (OFS) component being Rs 62,000 crore
 "Debt repayment, capital expenditure: How IPO proceeds are being utilised")
Nifty Bank rejig trims HDFC and ICICI Bank heft; shares fall 1.25%
Outflows of over $300 million each
 "Nifty Bank rejig trims HDFC and ICICI Bank heft; shares fall 1.25%")
Nifty50 to hit 29,300 by end-2026? Nomura lists top 20 stock picks
Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.
 "Nifty50 to hit 29,300 by end-2026? Nomura lists top 20 stock picks")
Gold and silver ETF assets double in six months on record inflows
Surges past Rs 1.5 trillion in November as inflow momentum sustains
 "Gold and silver ETF assets double in six months on record inflows")
Manufacturing-related stocks have more headroom left, say analysts
At the bourses, meanwhile, Nifty India Manufacturing index, which has outperformed the market by surging 26 per cent in the past nine months
 "Manufacturing-related stocks have more headroom left, say analysts")
A rally leaning too far: A Jenga-high market with a wobbling base
ADR falls to 0.89 - November's gains now balance on a shrinking block of stocks, the lowest since February
 "A rally leaning too far: A Jenga-high market with a wobbling base")
On the upswing: Equity benchmarks gain for third consecutive month
Rotation out of AI stocks, strong Q2 earnings and FPI buying helped markets hit 14-month highs despite valuation worries
 "On the upswing: Equity benchmarks gain for third consecutive month")