“The 11th new record high for 2025 set by S&P 500 yesterday is an indication of the direction and resilience of equity markets globally. Markets are climbing all walls of worries and valuation concerns have been put on the back burner. In the near-term this resilience is likely to continue.
A significant takeaway from the early Q1 results is the improving prospects of banking and digital stocks. In banking the market will be choosey with focus on the high quality private sector banks, particularly ICICI Bank and HDFC Bank. Q1 results of Eternal and Paytm indicate steady growth potential of the digital stocks which have a long runway of growth. Investor interest in the digital segment will remain high despite the high valuations.”
