After registering strong double-digit earnings growth over past few years, of late, there have been some concerns over sustainability of this earnings growth over next few quarters, said Jyoti Vaswani of Canara HSBC Life Insurance.

However, Kotak Alternate Asset Managers still remains constructive on the commercial vehicle financing space and also positive on rural demand recovery plays such as tractors, said Jitendra Gohil

One of India’s often touted fundamental strengths is the demographic dividend i.e, millions of young people joining the workforce and contributing to economic growth. If the government is unable to provide employment, this is unlikely to materialise as expected…

Atul Mehra of Motilal Oswal AMC believes some of private banks stocks are quite attractively valued today; and offering compelling outperformance.

Vikas Gupta believes that from mid-November to mid-January, the markets will settle in a direction, which currently looks positive.

Anil Rego of Right Horizons is not concerned about the upcoming US elections as drivers of long term domestic economic growth are intact.

However, Shailendra Kumar of Narnolia Financial Services expects a significant earnings growth rebound only from mid-Q4FY25 onwards.

The market is likely to rebound gradually, and a sustainable recovery will depend more on earnings growth rather than a sharp market correction, said Tata MF's Meeta Shetty.

In 2024, both the Sensex and Nifty posted strong returns of around 13%, a remarkable performance. However, Vijay Bharadia believes replicating or exceeding this in 2025 will be challenging.

Shailendra Kumar anticipates low double-digit market returns for 2025. However, he expects these returns to materialise towards the end of the year as valuations at the beginning of the year are not favourable.

Having said that, while US GDP growth looks relatively more sanguine, India arguably needs a slight nudge to shore up slowing down consumption – largest engine of the GDP wagon, Rajesh Cheruvu said.

Given the outlook on earnings, it is probable that the Nifty will spend more time between 23,000 to 26,000 levels, said Sheetal Malpani.

The broad based rally in equity markets looks largely over, which means markets will disproportionately reward earnings hereon, said Ionic Wealth's Ankita Pathak.

The unknown risk is Trump tariff threats, which has to be watched in 2025, said Satish Menon.

Misra expects the government to come up with more PLI variants, support for fledgling industries such as ship building

Nimesh Chandan of Bajaj Finserv AMC believes this year to be a challenging year for RBI.

It is likely that by the middle of the calendar year 2025 the issues around tariffs should settle down globally, said Prabhakar Kudva.

Anirudh Garg is cautiously bullish on gold, given the heightened geopolitical uncertainties and central bank buying.

FY26 will likely be better as compared to FY25 for corporate earnings. Like Q3FY25, Q4FY25 earnings will continue to be challenging for the cyclical sectors, Neeraj Gaurh said.

India domestic consumption is strong. Investing in consumption space is clearly a safe strategy, said Anuj Jain.