India’s Stock Market Outlook 2026: HDFC Securities MD and CEO Dhiraj Relli See Rock-Solid Growth Ahead

• HDFC securities
• Tue

India’s equity markets are expected to remain resilient despite global volatility, according to insights shared by HDFC Securities MD & CEO Dhiraj Relli. The outlook for 2026 highlights strong GDP growth, favorable valuations, and sector-specific opportunities, making the coming year a “stock picker’s market.”

 

Speaking at the release of Big Report in Mumbai recently, Relli said global markets continue to face VUCA conditions – volatility, uncertainty, complexity, and ambiguity – driven by geopolitical tensions and oil price fluctuations. Despite these challenges, India’s fundamentals remain strong, supported by demographics, consumption, and domestic liquidity.

 

 

India’s real GDP growth in FY26 will outperform many global peers. Growth is expected to be broad-based, driven by manufacturing expansion, services resilience, and infrastructure investments.

 

Corporate earnings are set to broaden in FY26–27, moving beyond concentrated sectors. Profitability is expected to improve as input costs stabilize and demand strengthens.

 

Relli said the market has undergone a time and price correction, creating favorable risk-reward ratios for both large-cap and mid-cap stocks. Long-term investors are advised to accumulate quality stocks at attractive valuations.