Wait & Hope - Rewards will be worth it !
"All human wisdom is summed up in two words; wait and hope.' - Alexandre Dumas This saying seems apt for the Indian markets as the 18 month long corrective phase which started in September 2024 continues. Post Modi led NDA coming back to power in June 2024 the markets have not had it easy both from a capital market policy & performance standpoint. Higher taxes on buyback & dividend, increasing STT & increasing capital gains tax has impacted return expectations of FIIs thus seeing steady drawdowns. In addition to this 2025 was a volatile year from a global perspective for India. India-Pakistan engaged in a brief war, Trump imposed harsh tariffs, Indian rupee depreciated sharply & emergence of AI is threatening Indian IT like never before. US-Iran conflict has escalated affecting the Middle East in an unprecedented manner with a new narrative on both escalation & de-escalation being created by the hour both by the media & a loud mouthed US presid...
