Archive · 25 Jan 2026
Indian equities consolidate amid global uncertainty
Indian stock markets are going through a period of consolidation, which means they are not growing much right now.
This is because there is a lot of uncertainty in the world, and investors are being careful with their money.
Only a few big companies are supporting the market, while most others are not doing as well.
In this time, precious metals like gold and silver are doing better than stocks.
This is because people see them as safe investments when the market is uncertain.
Experts say that even though the market is not growing much now, the long-term future of Indian stocks is still good.
They advise investors to have a mix of stocks and precious metals to manage risk and keep their money safe.
Indian equity markets are consolidating with narrow market breadth and cautious investor sentiment.
Value and high beta strategies performed positively, while momentum strategies underperformed in 2025.
Precious metals like gold and silver outperformed equities due to global uncertainty and their role as portfolio stabilizers.
Indian equities are trading near multi-cycle lows compared to gold and silver, highlighting the need for diversified asset allocation.
Market sentiment is gradually improving, with early signs of risk appetite returning, but volatility is expected to persist.
- Who
- PL Asset Management, Indian equity markets, investors
- What
- Indian equities are consolidating with narrow market breadth and cautious investor sentiment, while precious metals outperform.
- When
- Current phase, with gradual improvement in sentiment expected
- Where
- India, global markets
- Why
- Global uncertainty, uneven participation, and cautious investor sentiment, along with strong performance of value and high beta strategies.
- Market Phase
- Consolidation
- Market Breadth
- Narrow
- Value and High Beta Strategies Performance
- Positive
- Momentum Strategy Performance
- Underperformed
- Precious Metals Performance
- Outperformed equities
- Gold and Silver Drivers
- Central bank demand, currency volatility, geopolitical uncertainty
- Equities vs. Precious Metals Valuation
- Equities near multi-cycle lows compared to gold and silver
- Market Sentiment
- Gradual improvement from recent cycle troughs
- High-Low Beta Spread
- Turned positive in late 2025
- AQUA Strategy Performance (December)
- Declined 0.17%, outperforming benchmark
- AQUA Strategy Annualised Return
- Over 23% since inception