Industry Newscapital marketsequitiesprecious metalsmacro policy
Indian Markets Signal Equity Recovery And Leadership
5.2
Alchemy Capital's Alok Agarwal says the Nifty 500 completed a 1.5-year consolidation after a 15% decline from September 2024 to March 2025, and believes the bulk of the correction is over. He cites compressed valuations, coordinated fiscal and RBI easing, and improving earnings breadth as catalysts, and highlights metals, capital-market franchises, PSU and regional private banks as likely next leaders.
Key Points
- 1Identify market reset: Nifty 500 corrected 15% from Sept 2024 to March 2025.
- 2Cite policy and valuation: fiscal tax cuts and RBI easing compressed valuations supporting mean reversion.
- 3Advise allocation: favor metals, capital-market franchises, PSU and regional banks for durable earnings momentum.
Scoring Rationale
Actionable allocation guidance from a credible fund manager, limited by single-source perspective and macro uncertainty.
Sources
Public references used for this report.
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