FY26 Market Outlook: Samir Arora Predicts Modest Gains, Not A Massive Bull Run

In his interview with Siddharth Zarabi, Group Editor of Business Today, Samir Arora, FounderHelios Capital, shares a grounded view of market momentum going into the second quarter earnings season. While cautiously optimistic, Arora doesn’t expect extraordinary gains. He explains that current sentiment is buoyed by the market’s resilience, but warns that an early rally could quickly make valuations look stretched. With global cues—especially from the U.S.—still weak, he advises measured expectations over chasing quick returns.