Indian stock market remains attractive for long-term investors: Report

New Delhi, June 25 (IANS) Indian equities may remain range-bound in the near term, but long-term outlook remains positive, backed by strong economic fundamentals and structural growth drivers, a report said on Thursday.

The report from PL Wealth recommended staggered investments in quality large‑cap and large‑and‑mid‑cap strategies for short‑term investors.

As inflation pressures ease and external headwinds decline over the medium term — six to 24 months — domestic growth drivers should support a broad‑based earnings recovery, allowing investors to increase allocations to large‑cap, large‑and‑mid‑cap and sectoral strategies.

The report said markets are expected to be range‑bound and driven by events such as crude oil prices, inflation trends, the monsoon, geopolitical developments and changes in earnings expectations.

As short‑term earnings revisions remain under pressure in some sectors because of higher production costs and a difficult global backdrop, selective stock picking is preferable to broad market exposure.

“India continues to be an outlier among the leading economies of the world because of the robust nature of the domestic economic growth engines like consumption, production, infrastructure spending and the growing trend of savings being financialised,” said Inderbir Jolly, CEO, PL Wealth.