The Core Report #736 Markets Jump 1,000 Points As They Join Global Rallies
Nov 26, 2025
Arvind Chari, the Chief Investment Strategist at Q India UK, shares valuable insights on the Indian equity market. He discusses the recent surge in markets and JP Morgan's bullish Nifty 30,000 prediction. Chari dives into the implications of peaking IPO supplies and contrasts large-cap valuations with those of mid and small caps. He also forecasts strong economic momentum with GDP growth expected to reach 7%, shedding light on factors influencing foreign investments in India and the challenges posed by capital gains tax.
AI Snips
Chapters
Transcript
Episode notes
Indices Mask Weak Market Breadth
- Indian indices rose with global rallies but underlying breadth remains weak, especially in mid and small caps.
- Large caps drive headline highs while many stocks are still well below 52-week peaks.
Bull Case: Nifty 30,000 By 2026
- JPMorgan expects Nifty to reach 30,000 by end-2026 driven by fiscal and monetary support boosting domestic demand.
- The bank prefers domestic-facing sectors and sees potential tariff relief aiding trade and earnings.
Position For IPO Supply To Ease
- Expect supply-side pressure from IPOs to ease, which can relieve liquidity strain on secondary markets.
- Consider overweighting equities if CLSA's 16% upside thesis materializes as IPO supply peaks.