India Equity Outlook

Global economy faces fresh energy and commodity shocks from Middle East geopolitical tensions and supply chain disruptions, pushing crude oil toward...

Asian equities retreated as US-Iran conflict reignited risk-off flows, with MSCI Asia Pacific ex-Japan falling 1.6 percent despite stronger US services data. Gold rose while oil eased after the Israel-Lebanon ceasefire.

FII Flows and Policy Effectiveness

• 🔥 Persistent FII Selling: FIIs sold ₹8,700 Cr in a single session despite government tax relief on G-Secs...

Government tax cuts on G-Secs and relaxed FPI norms aim to draw foreign inflows, yet FIIs sold ₹8,700 Cr in one session.

• RBI's liberalized...

Markets digested the RBI's decision to keep the repo rate unchanged at 5.25% with a neutral stance, resulting in a volatile session and slight...

Investors overlook how rising Japanese yields and an imminent BoJ rate hike to 1% could trigger repatriation of $6 trillion in foreign assets, pressuring US equities and Treasuries through simultaneous selling and yen strength.

FPI Tax Relief Measures

• 🔥 Capital Gains Exemption: Government exempts foreign investors and Bank for International Settlements from capital...

Oil prices near $100 a barrel are weighing on India's fuel demand, especially diesel, as industrial activity cools.

• Gasoline sales growth halved to...

Market resilience amid FII selling hints at bets on tax relief for foreign investors and capital market tweaks.

• RBI Governor Sanjay Malhotra expects...

The Modi government has approved scrapping the 12.5% LTCG tax and 20% withholding tax on FPIs investing in G-Secs to draw foreign capital after more than ₹3 lakh crore in equity outflows this year.

Infosys, TCS, and Wipro together surpassed 300,000 Microsoft 365 Copilot licenses, with each firm exceeding 100,000.

• Usage metrics: 86-95% monthly...

Nifty ended 0.14% lower at 23,372.95 while Sensex slipped 0.19% to 74,201.37 amid ongoing volatility.

• Broader markets outperformed benchmarks as...

• Geoeconomic shifts: Strait of Hormuz crisis disrupts oil, gas and commodities, challenging petrodollar system.
• OECD outlook: Global growth slows...

ICICI Bank presents a compelling contrarian play after its 10% decline over six months, with Motilal Oswal reaffirming its top 'Buy' rating and Rs...

FII Policy Developments

• 🔥 Big Tax Relief For FIIs: India is reportedly considering scrapping or sharply reducing capital gains tax for foreign...

OECD projects global output growth at 2.8% in 2026 if energy supplies recover soon, down sharply from 3.4% last year.

• Higher energy costs will...

India may scrap or cut capital gains tax on G-Secs held by FIIs along with withholding tax reductions on bond interest to attract global inflows, support the rupee and boost foreign bond market participation amid elevated US yields.

Microcaps have delivered ~18% CAGR over 20 years, outpacing midcaps at 16-17% and Nifty at 13-14%.

• Current drawdowns in small and midcaps create...

Rohit Srivastava sees Nifty holding 23,077 and Bank Nifty at 52,687 as final supports, expecting a bounce from 61% retracement levels.

Manishi...

Long-Term Sector Themes

• 🔥 Hidden Bull Market Beyond Nifty: Aniruddha Sarkar highlights opportunities in auto ancillaries, power, aerospace,...