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Market strategist Ajay Bagga expects potential year-end rally as earnings stabilize
Ajay Bagga expects a potential year-end rally as earnings stabilize and domestic flows strengthen, though geopolitical risks remain a factor.
Market expert Ajay Bagga indicated that Indian equities may witness a potential year-end recovery, supported by stabilization in earnings and the end of recent downgrade cycles. He highlighted improving Q2 corporate results, resilient domestic flows, and supportive global cues as factors contributing to the possibility of a Santa Claus-style rally. Bagga added that sectors linked to consumption, financials, and manufacturing show stronger visibility compared to earlier quarters.
However, he cautioned that geopolitical risks and external volatility remain variables to watch in the near term.