US MIDTERM OUTCOME MAY BRING MACROECONOMIC STABILITY TO INDIA , EASE CRUDE PRICES : KOTAK

What happened: Kotak Institutional Equities said the US midterm outcome could bring more stable geopolitics and lower crude oil prices, supporting India's macroeconomic position, while Q2FY27 earnings may lift confidence in domestic equities. Key numbers: Nifty 50 net profits rose 19 per cent year-on-year in Q2FY27. Why it matters: Kotak said high oil prices from the Iran-US war were the primary reason for high inflation, and it expects crude to return to normal levels as global supply-demand improves. It called the market's risk-reward balance favourable.

Kotak Institutional Equities said the US midterm outcome could bring more stable geopolitics and lower crude oil prices, supporting India's macroeconomic position, while Q2FY27 earnings may lift confidence in domestic equities.

Kotak said high oil prices from the Iran-US war were the primary reason for high inflation, and it expects crude to return to normal levels as global supply-demand improves. It called the market's risk-reward balance favourable.