Indian equities could end 2026 at a record high, with the market rally extending beyond large-cap stocks, according to Abhishek Banerjee, founder of Lotusdew Wealth and Investment Advisors.
In an interview with Moneycontrol, Banerjee said stronger foreign portfolio inflows, sustained earnings momentum and a weaker dollar could support further gains in Indian equities, even as geopolitical risks and inflation remain concerns.
"We could be closing this year Nifty at all-time high contrary to what most of the narrative is," he said.
Banerjee also believes oil prices have peaked following changes in global supply routes. He expects India's landed crude oil prices to settle between $80 and $90 a barrel for the foreseeable future.
The smallcase manager remains bullish on the second half of FY27, favouring companies that can improve the utilisation of existing assets in power and manufacturing. He remains selective but broadly bearish on IT services, while also seeing the possibility of another RBI rate hike in December.