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CLSA sees return of Indian equities as valuations improve

Mint New Delhi

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November 20, 2025

Indian equities are poised to scale new highs after months of subdued returns, as soft inflation, high economic growth, and US president Donald Trump potentially easing tariffs could spark foreign fund inflows, said Vikash Kumar Jain, India strategist & head of India research at CLSA.

- Dipti Sharma

Indian equities could reclaim the their high in 2025, and the market still has room to comfortably chug along in 2026, Jain told Mint in an interview. The benchmark Nifty 50 index is just 1% shy of touching its 26 September record closing high of 26,216.05 points.

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