Indias stock market created a record Rs 148 lakh crore in wealth between 2020 and 2025, with the top 100 wealth creators delivering 38% CAGRits strongest cycle ever, according to Motilal Oswal. Bharti Airtel, ICICI Bank, BSE, and HAL topped categories across the biggest, fastest, and most consistent performers during this structural rally.
Bank of America Securities upgraded Swiggy to buy, citing its stronger balance sheet after a major fundraise, rising cash generation in food delivery, and potential valuation rerating as quick-commerce consolidation accelerates and losses narrow amid improving margins.
The Indian rupee hit an all-time low of 90.48 against the US dollar following reports that a trade deal between India and the US is likely by March 2026. Forex traders cited the Chief Economic Advisor's statement and prevailing risk-averse market sentiment, coupled with strong dollar demand, as key factors for the decline.
Markets staged a strong recovery on Thursday, led by banking stocks, as the Nifty rebounded from intraday lows. Analysts noted a positive technical setup at a crucial support zone, with potential for further upside if the rebound sustains above 25,850. Eicher Motors and Glenmark Pharma were highlighted as potential stock ideas.
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in these segments due to rich valuations and decelerating earnings, favoring large and select midcaps with a focus on banking, financials, and consumption.
Investor attention is returning to India's infrastructure sector as order flows increase. Analysts expect this trend to continue into next year. The EMS sector is experiencing a growth normalization, leading to valuation concerns. Public sector banks, however, continue to present value opportunities. Experts highlight Bank of India as a key pick, anticipating a re-rating to match private sector banks.
