ranklin Templeton India Mutual Fund believes that the Indian equity market is likely to enter a consolidation phase rather than continue its recent momentum-driven trend, citing global uncertainties and sustained supply of new equity issuances as potential drags on market performance in FY26.
“The global backdrop remains unclear, with trade policy uncertainty and tariff hikes weighing on capital expenditure decisions,” said R Janakiraman, CIO - Franklin Equity India. “This environment has prompted many companies to delay private capex decisions in search of more policy clarity.”
