Rate-sensitive sectors poised to drive next leg of earnings growth in FY26: Manish Sonthalia

December 1, 2025

Indian equity markets have reached a new peak after a long wait. However, this record high does not reflect the entire market. Midcap and smallcap stocks are still lagging behind. Liquidity issues, driven by a surge in IPOs, are impacting these segments. Experts anticipate rate-sensitive sectors to drive future growth as India moves towards a lower interest rate cycle.

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Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

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