Ashish Gupta of Axis Mutual Fund remains optimistic about market fundamentals despite global uncertainties. He notes improvements in GDP growth and positive economic indicators but highlights that earnings growth may be more company-specific rather than broad-based, with selective sectors showing better visibility.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
June 25, 2026