Quote on Morning Market Views 11th September 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Below the Quote on Morning Market Views 11th September 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"A significant trend in the stock markets, for some time now, is the underperformance of India relative to other markets. While many markets like the US, Taiwan and Korea are setting new record highs, Nifty is still 4.4% below the record set in September 2024. Largely this underperformance is the correction of the overvaluation caused by sustained domestic capital inflows into the market. Now the largecaps are fairly valued, but the mid and smallcaps, particularly the latter, continue to be overvalued.
India’s resilient macros and the sweeping reforms implemented this year, particularly the GST reforms, have taken the economy to the cusp of a breakout growth. The only thaw is the Trump tariffs, which, going by the recent comments from President Trump and PM Modi, appear to be heading for a resolution.
The market will soon start discounting the higher earnings growth expected in FY27. Fundamentally, safety is in largecaps."
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