Indian equity markets remain range-bound, awaiting sustained earnings upgrades for a breakout, despite FII weakness chasing AI stocks globally. Ashish Gupta of Axis Mutual Fund highlights NBFCs and capital goods as key beneficiaries, driven by anticipated rate cuts and robust private capex. RBI is expected to lower inflation forecasts and may cut rates by year-end.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets