Archive · 22 Jul 2026
Bharti AXA CIO Positive on Nifty Growth
Rahul Bhuskute, the CIO of Bharti AXA Life, is optimistic about the Indian stock market, particularly the Nifty.
He believes that despite geopolitical uncertainties, the Nifty's core growth drivers remain strong.
The one-year forward PE is below its long-term average, offering a margin of safety.
Bhuskute advises maintaining a diversified portfolio across large, mid, and small caps.
He also notes that while rising bond yields in the US and Japan could pressure Indian equity markets, a de-escalation in the Middle East conflict could lead to a risk-on rally.
Overall, he sees a positive long-term outlook for Indian equities.
Rahul Bhuskute, CIO of Bharti AXA Life, is positive about the Indian stock market.
Nifty's core growth drivers remain attractive with a margin of safety in valuation.
Geopolitical uncertainty and rising bond yields pose risks to Indian equity markets.
Bhuskute advises maintaining a diversified portfolio across large, mid, and small caps.
A potential reversal of FPI flows is expected as domestic earnings momentum accelerates.
- Who
- Rahul Bhuskute, CIO of Bharti AXA Life
- What
- Positive outlook on Nifty's growth drivers and valuation
- When
- Current market conditions and future projections
- Where
- Indian stock market
- Why
- To provide investment insights amid geopolitical uncertainty
Optimistic View
Cautious View
Market Outlook
Optimistic View
Nifty's core growth drivers remain attractive with a margin of safety in valuation.
Cautious View
Geopolitical uncertainty and rising bond yields pose risks to Indian equity markets.
Investment Strategy
Optimistic View
Maintain strong conviction in long-term potential of Indian equity markets.
Cautious View
Consider diversifying towards bonds and gold due to geopolitical uncertainty.
FPI Flows
Optimistic View
Potential reversal of FPI flows as domestic earnings momentum accelerates.
Cautious View
Superior growth opportunities in alternative emerging markets may keep FPIs away.
- CIO
- Rahul Bhuskute
- Company
- Bharti AXA Life
- Nifty's One-Year Forward PE
- Below long-term 10-year average
- Expected EPS Expansion for FY27
- 15–16%
- Primary Threat to Global Risk Assets
- Liquidity contraction due to rising bond yields
- Recommended Investment Strategy
- Well-diversified portfolio across large, mid, and small caps