Crude oil correction could be India's next big market trigger: Rohit Seksaria

Fund manager Rohit Seksaria is constructive on Indian markets heading into FY27, citing crude oil retreating to the 70-75 dollar range, softening G-Sec yields, and the RBI's FCNR deposit scheme as tailwinds that should ease inflation and support the rupee. Nifty trades at just under 18 times one-year-forward earnings, though near-term earnings downgrades are expected due to elevated raw material costs pressuring margins through Q1 and partly into Q2, with normalization expected in H2 FY27. He is most bullish on banks and NBFCs given system credit growth above 17% and stabilizing NIMs, while also seeing opportunities in data centres (power/capital goods), hospitals, niche IT, and select auto ancillaries, though he cautions FII selling may only slow rather than reverse.