Indian markets still costly but defensible: Where Prateek Agarwal sees opportunity in 2026

Prateek Agarwal, MD & CEO of MOAMC says 2026 could mark a selective recovery for Indian equities as earnings improve, valuations ease and foreign investors return. After a narrow, FPI-driven market in 2025, broader participation may emerge if Q3–Q4 results remain strong and currency stability supports renewed global risk appetite.