The global slump did not spare the Indian markets. The Fed scare had shaved off about 4% from Nifty in just few trading sessions with serious collateral damage to the currency and Gsec yield. Indian Rupee breached the long-held support level of 80 to move near 82 while the ten year Gsec yield surged by over 15bps. With this, the decoupling debate has been put to rest.
Sectoral churn here to stay, focus on consumer-centric themes: Hari Shyamsunder
Franklin Templeton India’s Hari Shyamsunder suggests a range-bound market, noting India’s rally alongside global markets. While large-cap valuations are stretched, mid and small-caps offer growth
July 16, 2025