Interview

Daily Voice: Uncertainties mount after 50% tariff; near-term turbulence likely for India, says Trust MF’s Sandeep Bagla

While the longer term prospects of the domestic facing economy are well supported, it would be prudent to be prepared for some volatility in the near term, after Trump tariffs, said Sandeep Bagla of TRUST Mutual Fund.

Daily Voice: Capitalmind PMS fund manager cuts Nifty EPS growth estimate to 9-10% for FY26; festive demand key to upward revision

In the remaining part of FY26, the focus remains on domestic-facing sectors, where visibility is better and demand is steadier, said Krishna Appala of Capitalmind PMS.

Chartist Talk: Nifty’s technical setup signals caution, but outlook bullish on these 4 stocks for next week, says Sudeep Shah of SBI Securities

Chart formation signals a lack of conviction among bulls and a clear dominance of bears at higher levels, said Sudeep Shah of SBI Securities.

Daily Voice: Tariffs a concern but unlikely to derail India’s growth, says Niraj Kumar of Generali Central Life Insurance

Niraj Kumar of Generali Central Life Insurance says while there is no immediate domestic catalyst for a sharp correction for India, he believes it is prudent to remain cautious but constructive.

Daily Voice: India faces potential 40–100 bps GDP growth hit from tariff hikes, says Client Associates' Himanshu Kohli

While Trump has mentioned that he may impose tariffs on pharma and electronic goods sectors, Himanshu Kohli expects that these two sectors may still continue to remain out of the ambit of tariff to maintain supply chain stability and healthcare needs.

Daily Voice: Don't believe Trump's tariff policies will significantly alter RBI’s approach, says Swati Khemani of Carnelian

Given Trump's tariff threats, it’s clear that the US is pressuring India over crude/defense purchases from Russia, but the Indian government remains firm on prioritizing national interest, said Swati Khemani of Carnelian.

Daily Voice | RBI to stay neutral to gauge impact of past rate cuts, easing likely only in H2FY26, says Raghvendra Nath of Ladderup

On the recent 25% US tariff on India, Raghvendra Nath of Ladderup said if these tariffs were to stick, it may have an impact on the Indo-US diplomatic ties that have improved significantly over the last decade or so.

Daily Voice: RBI likely to cut rates by 25–50 bps in FY26, but timing depends on inflation and global cues, says this fund manager

The earnings outlook for Q2FY26 looks relatively better, driven by margin tailwinds from stable input costs and volume pick-up in urban discretionary and capital-intensive sectors, said Sonam Srivastava of Wright Research PMS.

Daily Voice | India’s macro strength could cushion Trump tariff impact, says JM Financial’s Chaturmohta

While immediate easing is uncertain, India’s strategic posture, emphasizing national interest, the UK FTA, and broader global engagement, could strengthen its negotiating position and open the door to phased tariff relief, said JM Financial’s Ashish Chaturmohta

Daily Voice: Q1 earnings reveal pressure in select segments; uneven growth may weigh on sentiment, says Puneet Sharma of Whitespace

Post the meeting between the Indian and US delegations later this month, the tariffs may be paused or reduced temporarily, said Puneet Sharma of Whitespace Alpha.

Chartist Talk: Rahul Ghose sees choppy August for Nifty, expects continued Bank Nifty outperformance

Bank Nifty has now moved below several important moving averages, and recent chart patterns look a bit bearish, but the buy on dips should be the outlook for August, said Rahul Ghose.

Daily Voice: Trump risks long-term damage to US by targeting India trade, says CIO

Earnings upgrades across various industries and market cap companies would become the next major trigger for the markets, said Quest Investment’s Aniruddha Sarkar.

Chartist Talk: Sudeep Shah shares 2 buy and 2 sell picks amid market caution; Nifty at risk below 24,400

The 24,400–24,350 zone is expected to act as an immediate support for Nifty. A sustained break below this could further accelerate the downside. On the flip side, the 50-day EMA zone of 24,900–24,950 now stands as a crucial hurdle, and any meaningful recovery would need to clear this zone with conviction, said Sudeep Shah of SBI Securities.

Daily Voice: Tariff pain inevitable, but these domestic drivers keep India’s markets steady

Divam Sharma of Green Portfolio is now closely watching the IT companies pack and believes there would be leaders emerging with the adoption of AI.

Trump tariff may cut GDP growth forecast by 25 bps, reduce Nifty earnings by 2–3%, says LGT’s Stefan Hofer

After the 25 percent US tariff, in aggregate, LGT’s Stefan Hofer doesn’t expect material downside to India’s economic growth, albeit some sectors may be more impacted than others.

Daily Voice: Trump's 25% tariff on India poses key challenges, especially for these 5 sectors, says Waterfield's Vipul Bhowar

Going ahead, investors might start to stabilize or recover moderately as they adjust to the new situation and look for progress in trade talks, said Waterfield's Vipul Bhowar.

Daily Voice | Global macro uncertainties, India–US trade deal delay weigh more on market than Q1FY26 earnings, says Right Horizons' Anil Rego

The lack of clarity on the India–US trade agreement and fears of potential tariff imposition under a possible second Trump presidency have heightened concerns for export-dependent sectors like chemicals, metals, and pharma, said Anil Rego of Right Horizons.

Daily Voice: RBI may hold rates, maintain inflation and growth outlook in August policy, says Bank of India MF CIO

The earnings profile of the midcap companies has been better in the recent past. And Alok Singh of Bank of India MF expects that trend to continue and the midcaps to outperform the large caps in this current fiscal year.

Chartist Talks: Bank Nifty faces fatigue, Nifty may test 24,400–24,600, says Sameet Chavan of Angel One

Trend wise, with a long to medium-term horizon, the market is in a strong uptrend but with the last three weeks' price action, the short-term trend has slightly tilted downwards, said Sameet Chavan of Angel One.

Daily Voice: This CEO expects corporate earnings to improve sharply in next 3 quarters of FY26

Kotak's Pratik Gupta believes the Nifty earnings growth for FY26 could be 12% but is unlikely to reach 15%.

Daily Voice: Q1 EBITDA, PAT growth so far in line with expectations, but EPS estimates may see downgrades, says this CIO

Urban consumption should gradually recover with rural consumption improving further (on account of timely monsoons and a robust kharif sowing season). Thus, earnings could witness a revival from September quarter onwards, said Poonam Tandon of IndiaFirst Life.

Chartist talk: SBI Securities' Sudeep Shah sees rally continuing in these 5 stocks next week

The 100-day EMA zone of 24,600-24,550 will act as immediate support for the Nifty 50. Any sustainable move below the level of 24,550 will lead to further correction upto the 24,200 level. However, on the upside, the 20-day EMA zone of 25,100-25,150 will be the crucial hurdle for the index, said Sudeep Shah of SBI Securities.

Daily Voice: RBI likely to cut FY26 inflation outlook, keep rates unchanged in August, says JM Financial’s Ankur Jhaveri

US tariffs has been a major overhang on the global trade as well as the financial markets since the start of 2025. However, the frequent postponement of the tariff deadlines has allowed markets time to digest their likely impact, said JM Financial’s Ankur Jhaveri.

Daily Voice: Platform stocks risky; hospitals more promising, says this fund manager

Invasset PMS' Anirudh Garg believes cement companies are likely to see strong earnings growth in H2 FY26, driven by a stable volume trajectory and infrastructure growth.