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Below the Quote on Market 15th October 2026 by Vinod Nair, Head of Research, Geojit Investments Limited

"Indian equities rallied sharply as concerns over stretched AI valuations and higher US inflation triggered a sell-off across tech-heavy global markets, improving India’s relative appeal and encouraging rotation toward domestic large-cap technology, private financials and defensive heavyweights. Correcting bond yields, rupee stability and softening crude prices further supported sentiment, while hope of possible reconsideration of equity taxation added to risk appetite. However, weakness in small and mid-caps and selling in PSU banks indicate that the rally lacks broad participation, suggesting benchmark gains may overstate underlying market strength. Near-term sustainability will therefore depend on Q2 earnings delivering on revenue and margins, broader market participation and evidence of returning foreign flows, while durable stability in oil and the currency remains crucial amid geopolitical and global inflation risks."

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