Rahul Singh, Chief Investment Officer Equities, Tata Asset Management
“Recent geopolitical developments in the Middle East have led to an increase in the risk premium for Indian equities, largely driven by concerns around crude prices and their potential impact on the rupee. However, valuations have become more reasonable with the Nifty trading around 20 times earnings. While near-term sentiment may remain sensitive to global developments, sectors such as consumer and pharmaceuticals could remain relatively insulated, while metals and energy may benefit from higher commodity prices. Credit growth has also improved to around 14.5 percent, which could support banking sector growth. Overall, earnings growth for the Nifty50 is expected to remain healthy at around 15–17 percent over FY26–FY27.”
