Daily Voice

The trade deal is anticipated to attract back foreign portfolio investors, who have been cautious due to tariff tensions and trade uncertainties, said Vipul Bhowar.

Daily Voice: RBI liquidity stance trumps rate cuts, says Nimesh Chandan; sees 2026 equity gains

While a 25-bps cut remains possible, it’s unlikely to be the dominant driver for long-term yields, which are more sensitive to fiscal dynamics and next year’s budget, said Nimesh Chandan.

Daily Voice: 8.2% GDP and steady demand to boost banking growth in 2025, says Smallcase manager

For the banking sector, Sneha Jain expects H1 2026 to reflect improved margins, healthier treasury performance, and more stable balance-sheet dynamics.

Daily Voice: Bajaj Life's Srinivas Rao Ravuri expects RBI to cut rate next week, optimistic about strong earnings recovery in FY27

Srinivas Rao Ravuri remains positive on Indian equities, with a preference for large caps. Valuations are at a modest premium to long-term averages, which is sustainable in an earnings-upcycle, he said.

Daily Voice: Moderate, stock-specific returns in 2026 as global risks rise, says this fund manager

The challenges for the market are on the global side in 2026. A slowdown in US growth after a long AI driven tech cycle, volatile foreign flows and stretched pockets in small and thematic names can create air pockets, Sonam Srivastava said.

Daily Voice: Markets may end 2025 with a 10% rally; 2026 expected to be fundamentally stronger, says Vikas Gupta

Tailwinds for India in 2026 could be the India-US trade deal and several other bilateral trade deals with other trading blocks or countries, said Vikas Gupta.

Daily Voice: India-US trade deal likely within 1-2 months; HDFC Bank looks undervalued, says Anil Rego

When energy realignment, tariff posture, and diplomatic signalling all shift in the same direction, they often foreshadow a breakthrough before it becomes publicly visible. Under those conditions, the emergence of a India-US trade deal within a short window would be a natural extension of the trajectory already in motion, said Anil Rego.

Daily Voice: Divam Sharma sees high probability of 25 bps repo rate cut in December, says NBFCs offer compelling growth lever

GST rationalisation and increased credit borrowing in the upcoming festive season is going to boost the growth in NBFCs, said Divam Sharma.

Daily Voice: Post-Q2, Motilal's Gautam Duggad turns most overweight on non-lending financials; prefers midcap IT over largecaps

Overall, after Q2 earnings, Gautam Duggad has raised earnings estimates of coverage universe by 2.3 percentage points for FY26 led by oil & gas, PSU banks, telecom, insurance, and metals.

Daily Voice: Pranab Uniyal sees foreign inflows, India’s risk appetite rising next year on four key drivers

The prolonged corporate earnings per share (EPS) downgrade cycle has finally stabilized over the last three months. The Q2 FY26 results have tracked better than expectations, leading to selective earnings upgrades, said Pranab Uniyal.

Daily Voice: Rupee stability and easy monetary conditions to aid equity sentiment, says Anand Rathi’s Pradeep Gupta

Pradeep Gupta of Anand Rathi Group said that while some pockets still face valuation pressures and near-term volatility persists due to US policy uncertainty, the domestic backdrop remains resilient.

Daily Voice: This CIO maintains bullish stance on PSU banks, points to re-rating upside

Aparna Shanker continues to favour financials, lenders, capital market plays and insurers, where formalization, productivity improvements, and better balance-sheet strength are translating into durable growth opportunities.

Daily Voice: Potential India-US pact could cushion Indian markets; US outlook turns fragile, says Spark's P Krishnan

A correction is already underway in the US markets. The US has massive issues with its K-shaped recovery and now a potential nasty overhang from tariffs and over-enthusiasm towards, said P Krishnan.

Daily Voice: Wage growth, jobs will drive earnings and economic momentum, says INVasset’s Anirudh Garg

For corporates, the steady wage and employment trends directly support top-line growth and improve visibility in sectors such as FMCG, autos, real estate and discretionary spending, Anirudh Garg said.

Daily Voice: FIIs spot value in four sectors; India-US trade talks may cap tariffs below 20%, says UTI Alternatives' Rohit Gulati

A formal announcement of India-US trade deal is expected before the holiday season, said Rohit Gulati.

Daily Voice: India-US trade deal likely by end-2025; Q3 to mark earnings rebound, says JM’s Venkatesh Balasubramaniam

Venkatesh Balasubramaniam expects GDP growth to be around 7% in FY26, on the back of revival in consumption and a pickup in capex intensity. Adequate monsoons and comfortable reservoir levels would support sowing activity, aiding overall economic growth.

Daily Voice: Kush Gupta backs financials, agri and consumption for Q3; sees IT struggling

Infra is another sector that Kush Gupta follows very closely. H thinks the sector has given good returns and will continue to shine.

Daily Voice: Bank Nifty entering a fresh bull run; Bihar verdict boosts policy certainty, says Narnolia's Shailendra Kumar

Going forward, if valuations turn attractive or earnings upgrades gain meaningful momentum, the market could initiate its next bull phase, Shailendra Kumar believes.

Daily Voice: ‘Low-growth phase is over,’ why this MD thinks markets are stronger than they look

Going forward, Raghvendra Nath said it would be important for inflation to remain moderate for interest rates to be cut further. If this play out, the overall demand scenario is likely to improve more, which could bring fresh momentum into the market.

Daily Voice: What are the implications if Supreme Court rules against Trump's tariffs? This CEO explains

For long-term investors, Ambit's Sushant Bhansali believes IT sector offers value compared to many other areas of the market.

Daily Voice: DSP Mutual Fund's Vinit Sambre calls Q2 earnings pivotal, flags H2 FY26 employment concerns

The biggest takeaway from the September-quarter earnings season is that the downgrade cycle is finally nearing an end, said Vinit Sambre of DSP MF.

Daily Voice: ‘Earnings, valuations have hit bottom,’ this fund manager sees IT as top FY26 bet

Manish Jain of Centrum would prefer large private sector banks which offer valuation comfort with relatively more secure loan book.

Daily Voice: Expected recovery in GDP and earnings growth could pose near-term risk to markets, says Mahesh Patil

On the global front, any delay in India’s potential trade deal with the US or a stronger US dollar could weigh on global risk appetite, impacting flows into emerging markets, including India, said Mahesh Patil.

Daily Voice: Large private banks remain core bets; select PSU banks offer tactical opportunities, says Himanshu Kohli

While a persistent global growth slowdown could weigh in on Indian economy, a flurry of fiscal and policy measures announced during the year likely limit the extent of further downside, said Himanshu Kohli.

Daily Voice | Domestic consumption surge, not India-US trade deal, seen as real market trigger: Samco MF CIO

If either of these two drivers of the current bull market falters, the outcome will be a negative surprise, said Umeshkumar Mehta.