Yields, Earnings and the AI debate – JPM’s Sanjay Mookim on what next for Indian stocks
Sanjay Mookim, Head of Equity Research for India at J.P. Morgan, joins from the J.P. Morgan Global India Investor Conference to discuss whether global sentiment on India is turning, why FPI flows have stayed away despite strong domestic earnings, and what 5% US yields mean for Indian equity valuations. He explains why he still favours large-cap value — especially financials — over the momentum-driven mid-cap rally, flags manufacturing as a structural bright spot on tariffs and currency tailwinds, and weighs in on the IPO supply surge and IT as a possible value trap. His message for investors heading into festive season: be patient, don’t be greedy.