Whalesbook
The Indian stock market faced a challenging year, but recent quarterly earnings show signs of bottoming out, with expectations for a stronger H2 and FY27. While GST rationalisation and monsoon optimism offer support, concerns remain over a potential India-US trade deal and the structural impact of Artificial Intelligence (AI) on employment. Valuations are becoming more reasonable, suggesting limited downside for long-term investors who should focus on a bottom-up approach.