Expert view: Indian stock market may remain range-bound this year

Indian stock market may remain range-bound this year as global tech valuation reset, a hawkish US Federal Reserve stance, and a near-term economic slowdown reshape the investment landscape, according to expert Nikhil Chawla. FPIs have withdrawn nearly Rs 2,59,115 crore from Indian equities this year till July 10, while domestic investors have contributed about Rs 4.8 lakh crore through SIPs, absorbing much of the selling pressure. The ADB has cut India's FY27 GDP growth forecast to 6.6 percent from 6.9 percent, citing energy shock from the Middle East conflict and an uneven monsoon threatening rural demand.