Positive impactResults
Why Rupen Rajguru sees further upside in Indian equities and which sectors could outperform
CNBC-TV18 7 hrs ago·11 Nov 2026, 10:43 am
Rupen Rajguru, a strategist at Julius Baer India, believes the Indian stock market has room to grow beyond its recent rally. He points to the possibility of corporate earnings growing by 18-20%, which could drive the Nifty index higher. This optimism is based on the idea that the market has not fully caught up with the strong economic fundamentals.
He specifically identifies four sectors as potential beneficiaries: aviation, oil marketing companies, consumer businesses, and cement. The primary driver for these sectors is the expected decline in global crude oil prices. Lower fuel costs could improve the profitability of oil marketing companies and reduce operational expenses for airlines and cement manufacturers.
For investors, the key takeaway is to look for sectors that stand to gain from the macroeconomic environment. While the broader market may see further upside, Rajguru suggests focusing on these specific industries to capture potential gains. Investors should monitor crude oil price trends and corporate earnings reports to gauge the market's progress.
Excerpt from CNBC-TV18
Published On Nov 11, 2026 | 16:13 IST Last Updated On Nov 11, 2026 | 16:13 IST With corporate earnings growth potentially reaching 18-20%, Julius Baer India's Rupen Rajguru sees opportunities beyond the recent market rally. He expects the Nifty to benefit from a possible catch-up after two years of weak returns. He…Read the original at CNBC-TV18
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
