After a year where gold and silver dazzled investors, Axis MFs Equity Head Shreyash Devalkar believes 2026 could mark a turning point. With earnings recovery, sectoral rotation and supportive macros lining up, he argues Nifty may finally outshine precious metals, setting the stage for a classic mean reversion trade.
The Indian equity market ended a three-week winning streak as Nifty50 slipped 2.6%, pressured by global trade tensions, H-1B visa concerns, and persistent foreign outflows. Time-based technical signals indicate potential intraday volatility, emphasizing cautious trading and disciplined risk management for short-term traders amid fluctuating support and resistance levels.
Silver prices in India have surged to record highs, outperforming gold with a 53% rise in 2025. Driven by industrial demand, festive buying, weakening rupee, and strong retail and ETF participation, silver benefits from supply deficits, technological applications, and investment appeal, signaling a potential long-term bullish trend in the bullion market.
The latest Trend Tracker shows Nifty falling 2.7% due to visa fee hikes and pharma sector tariffs, settling below 24,700. Analysts expect weak sentiment with stock-specific action. ETMarkets lists five picks Hindustan Copper, NLC India, Usha Martin, Jindal Saw, Capri Global Capital offering up to 28% upside in the near term.
Sun Pharma faces potential impact from the US 100% tariff on patented drugs, which could reduce FY2627 earnings by 810%. Generic drugs remain exempt. The companys innovative portfolio, strong cash position, and mitigation options support steady revenue growth, maintaining HSBCs Buy rating with Rs 1,850 target.
Spirit maker Alcobrew Distilleries India Ltd has filed draft papers with capital markets regulator Sebi to seek its approval to raise funds through an initial public offering (IPO).
The combined market valuation of the top-10 most valued firms eroded by Rs 2,99,661.36 crore last week, in line with a bearish trend in equities, with IT bellwether Tata Consultancy Services taking the biggest hit.
