Markets Need Earnings Boost For Next Rally, Says Market Expert Jyotivardhan Jaipuria

Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors breaks down why Indian markets have struggled despite strong macro indicators. Inflation is under control, fiscal and current account deficits are stable, and India remains the fastest growing economy globally. Yet, corporate earnings have lagged—posting only single-digit growth, far below expectations and nominal GDP. This disconnect has kept large caps flat and pushed small and midcaps into the red over the past year. He believes the pain may ease in the next two quarters as earnings slowly recover, which could support market returns. For now, valuations remain stretched, but strong macros keep investor sentiment alive. Listen in