Markets shrug off India-EU trade deal; stock picking key as valuations stay stretched: Deepak Shenoy

January 28, 2026

Indian markets showed a muted reaction to the India-EU trade deal as investors await clarity on benefits and timelines. Capitalmind CEO Deepak Shenoy says equities remain selectively attractive, with stock-specific opportunities emerging amid valuation pressures, labour law impacts on earnings, rising FMCG competition, and cautious optimism around PSU banks and mid-cap stocks.

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