Markets likely to move beyond geopolitics, focus to shift to earnings: Devina Mehra

First Global's Devina Mehra stated that Indian market indicators suggest the indices are in their bottom range and the focus should shift from geopolitics to earnings. She noted that market breadth has flipped significantly, with a majority of stocks now outperforming the indices compared to 2025 when 40% of stocks were down over 10%. Mehra cautioned against reacting to geopolitical developments citing 125 years of historical data, and flagged that negative SIP inflows and account additions suggest sentiment is overly pessimistic, which historically signals above-normal future returns.