Expert Views

Arindam Mandal from Marcellus Investment Managers emphasises the importance of focusing on high-quality, non-tech companies with predictable cash flows, as consumers remain cautious amidst inflation pressures.

Although FY27 margins may see some compression due to inflationary pressures, even moderate single-digit earnings growth, coupled with a market re-rating as the West Asia crisis eases, could result in double-digit returns for the Nifty from current levels, said Ashwini Shami of Omniscience Capital.

Expert view: Pankaj Pandey from ICICI Securities suggests that despite recent foreign portfolio investor (FPI) selling, India's robust market fundamentals and attractive valuations could lead to a resurgence in investment flows.

Expert view: Amit Bivalkar of Equirus Group advises investors to reset their return expectations and avoid extreme positions in equities. He highlights the importance of balanced asset allocation and disciplined investing in a transitioning economic landscape.

Mittul Kalawadia, Senior Fund Manager at ICICI Prudential AMC, emphasises the importance of flexible investment strategies and identifies banking and specific discretionary sectors as attractive opportunities amidst ongoing volatility.

Expert view: Sanjay Chawla, Chief Investment Officer (CIO) – Equity, Baroda BNP Paribas Mutual Fund, remains confident about India’s earnings growth story, but added that a near-normal monsoon would be crucial to sustaining that growth momentum.

As FY27 approaches, expert Rahul Ghose identifies key risks for the Indian stock market, including oil prices, dollar strength, low private capex, and unsecured credit stress. He emphasises the need for strategic positioning in a year expected to require sharp differentiation across sectors.

As geopolitical tensions rise, PL Asset Management's CIO highlights the resilience of domestic growth in India. He believes valuations have moderated somewhat after the recent consolidation, especially in the large-cap segment, where they are now closer to long-term averages.

Despite market volatility, Prime Wealth's co-founder insists the economic foundation for long-term wealth creation remains strong. Key triggers, such as oil prices and foreign flows, could impact the market's trajectory this year.

Equitree Capital's co-founder discusses the market's volatility and the importance of strategic investment amidst changing valuations. He says the India growth story is not fading, but a valuation and expectation reset is happening after a period of exceptional re-rating.