Stories
JM Financial AMC's Deepak Gupta Predicts Export Sectors Will Lead Market Growth
C
CNBC TV18•07-10-2026, 11:02
JM Financial AMC's Deepak Gupta Predicts Export Sectors Will Lead Market Growth
- •Deepak Gupta of JM Financial AMC expects India's export-oriented sectors to emerge as market leaders supported by improving corporate earnings and currency competitiveness.
- •Foreign investor sentiment is projected to improve over the next two to four quarters if companies maintain stable margins and earnings stability.
- •Preferred sectors for growth include manufacturing, capital goods, auto ancillaries, textiles, and chemicals.
- •Gupta anticipates a shallow rate increase cycle by the Reserve Bank of India as inflation stays below the six percent threshold.
- •Surging IPO activity has increased competition for investor capital, while the insurance sector remains on the sidelines until growth improves.
Key Questions Answered
JM Financial AMC expects export-focused businesses such as capital goods, auto ancillaries, textiles, and chemicals to be well-positioned to drive market leadership and benefit from India's improving global competitiveness.
Persistent foreign institutional investor selling was driven by capital shifting toward global artificial intelligence-related investments and the depreciation of the rupee against the US dollar and other emerging market currencies.
Deepak Gupta expects the Reserve Bank of India to begin a rate hike cycle that will likely be limited and shallow, noting that inflation remains below the RBI's 6% threshold.
