NBFCs, autos, and multi-decadal themes gain traction as India eyes post–West Asia stability boost: Nitin Raheja

Julius Baer Wealth Advisors' Nitin Raheja expressed a cautiously optimistic medium-term outlook for Indian equities, highlighting NBFCs (with private banks as top preference given attractive valuations after recent selloff), autos (selective stock-picking with EV as a structural tailwind), and broader themes including manufacturing, defence, and premiumisation of consumption. A potential West Asia resolution is expected to ease oil prices and inflation, deferring rate hikes and supporting the NBFC and BFSI narratives, while foreign investor flows could act as a trigger for re-rating.