May has kicked off with strong momentum, and the macro indicators are reinforcing a positive outlook across asset classes.
Record GST Collection: ₹2.37 lakh crore – the highest ever.
Currency Strength: USD/INR touched 83.77, gaining 4.5% from its bottom.
Equity Rally: Nifty reached a 5-month high, up 2.5% YTD.
Bond Market Optimism: 10-year yields have fallen by 50 bps, reflecting RBI rate cuts.
Crude Oil Correction: Prices have dropped 27% from 2025 highs, easing import pressure.
Trade Sentiment Improving: Tariff concerns are receding, fueling investor confidence in both debt and equity markets.
While we remain cautious about geopolitical tensions with Pakistan, we believe this is a compelling time for long-term investors to position wisely.
Strategy Snapshot:
Debt – Invest aggressively in long-duration instruments to lock in yields.
Equity – Systematic investment over the next 3 months is advised.
Global Equity – Stay on the sidelines for now.