‘Valuations now palatable’: CLSA predicts return of Indian equities

Indian equities could reclaim their life-high in 2025, and the market still has room to comfortably chug along in 2026, Jain told Mint in an interview. The benchmark Nifty50 index is just 1% shy of touching its 26 September record closing high of 26,216.05 points. India faced several challenges over the past six months. The Trump administration imposed a punitive 50% tariff on Indian goods to wean it off Russian oil, potentially setting carefully-cultivated bilateral relations adrift. However, relations could normalise by December, as India cuts its Russian crude purchases, prompting Trump to soften his tariff stance. The steep US…