The domestic markets will probably be opened on Thursday in the midst of mixed global signals. Gift Nifty on 24,760 signals Marginal profits for Nifty Open. However, analysts expect that taking a profit will keep the market in a reach and cap-wins. The market is in consolidation mode, analysts said, and they do not expect a persistent meeting. According to experts, sector rotation and profit booking will keep the market in a consolidation phase.
Franklin Templeton India Investment Fund predicts that the Indian stock markets will probably start a consolidation phase instead of continuing their recent momentum -controlled trend, with reference to global uncertainties and sustainable delivery of new share expenses as potential drags on market performance in FY26. “The worldwide background remains unclear, with uncertainty of trade policy and tariff increases that weigh on decisions on capital expenditure,” said R. Janakiraman, CIO – Franklin Equity India. “This environment has encouraged many companies to postpone private capex decisions in search of more policy,” he added.
The fund house warns that increased levels of fresh stock stock can dampen stock returns in the short term. Although the valuations of large caps now seem attractive, the segments of the middle and the small cap remain above their average averages in the long term, which enhances the importance of diversification between market capitalizations and sectors.
According to the icici prudential investment fund, important global economic risks include a slowing world economy, geopolitical tensions and rate rust. The long-term structural strength of India, however, is supported by various factors, such as Capex and Consumption Cycli, sound balance sheets and rapid policy reforms.
JM Financial said that large, mid and small-cap indices are all acting 1 (standard deviation) or more above average, which implies that absolute ratings are not cheap. Looking at FY26E Absolute p/e, one could interpret that relatively midcaps are the most expensive (handy midcap 100 by 29.3x), followed by small caps (handy small hood at 25.2x) and large caps the cheapest (Nifty50 at 20.6x). However, if you look at FY26E PEG, you could interpret that midcaps are the cheapest (handy midcap 100 to 1.3x), followed by small caps (handy small cap 100x by 1.7x) and large caps are the most expensive (Nifty50 by 1.9x)
According to the domestic brokerage, the EPS -Downgrade cycle is not over; On April 25, Nifty50 EPS estimates for FY25 rose by 0.3 percent, while FY26/27 estimates increased by 1.1/1 percent.
In the meantime, Asian shares have been mixed. Japan and Korea are lower, even if Taiwan and Singapore have declared marginal profits.
The derivative data now leans mild bearish, said Dhupesh Dhameja, research analyst of derivatives, Samco Securities.
On higher levels, call writers have become increasingly aggressive, forcing the relaxation of well positions – a classic sign that Bullish is starting to fade, he said.
“A dense concentration of open interest between 24,700 and 24,900 reflects strong overhead barriers. The PUT-Call Ratio (PCR) has risen from 0.69 to 0.73-What a essay is leaning in Bearish. Meanwhile, Max Pain has been parked on 24,550, hints that the market has a directional connection.
The Vix of India has cooled with 5.3 percent and ended at 17.22. “Although the dip suggests that the nerves are relaxed after global jitters, its position above 15 means that volatility can appear in the short term. Traders are advised to remain agile and maintain tactical positioning,” he warned.
Published on May 15, 2025
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