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Below the Quote on Markets 24th June 2026 by Mr. Avinash Agarwal, Senior Vice President & Head - Equity at Bandhan Life.

"Indian equities have shown resilience over the past quarter despite heightened geopolitical uncertainty and volatility triggered by the Middle East conflict. The easing of tensions, coupled with a sharp correction in crude oil and other commodity prices, has alleviated inflation concerns and improved investor sentiment. This has driven a recovery across markets, with mid- and small-cap stocks outperforming broader benchmarks since April.

Domestic fundamentals are also turning supportive. Policy measures aimed at boosting consumption, tax relief for households, and incentives for data center investments are creating opportunities across banking, capital goods, power infrastructure, and select industrial sectors. Additionally, robust domestic inflows continue to provide a strong cushion against intermittent foreign investor selling. Looking ahead, the upcoming earnings season will be closely watched as companies assess the impact of higher raw material costs on margins. While some near-term pressure may persist, moderating inflation, a stable rupee, easing external risks, and improving demand conditions support a constructive medium-term outlook.

Gold remains an important portfolio hedge amid global uncertainties. Although interest-rate expectations may drive short-term volatility, continued central bank buying and lingering geopolitical risks are likely to underpin prices and sustain demand for the safe-haven asset. Overall, we remain positive on banks, power-linked infrastructure and data center-related themes."

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