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India's Market Surge: Consolidation Ends, Growth Roars
6 Dec, 2025
Summary
- India's 18-month market consolidation is ending due to improved growth.
- Broader market earnings reached 14-15%, with optimistic sector commentary.
- Ashi Anand favors domestic themes, banks, and digital plays.
India's equity markets are exiting an 18-month consolidation phase, driven by improving economic growth and strengthening corporate earnings. Ashi Anand, Founder & CEO of IME Capital, observes a positive shift, with broader market earnings reported at 14-15% and optimistic commentary across sectors.
Anand highlights that demand-boosting measures are beginning to impact the economy, suggesting a potential upward trajectory for the market. He is strategically overweight on domestic themes, emphasizing the digital ecosystem and banks. Financials present value, with expectations of a stronger earnings trajectory for lenders as NIM pressure and asset quality issues subside.
Conversely, Anand advises caution on global cyclicals, pharma, and IT due to valuation concerns, macro uncertainties, and potential trade and currency risks. He remains watchful of classic moat-driven companies facing valuation headwinds, anticipating a correction as earnings normalize.
