Macquarie Initiates Outperform on Four Indian Capital Market Stocks
Macquarie has issued a bullish outlook on India's capital market sector, forecasting strong multiyear growth for market infrastructure firms as capital shifts into financial assets. Indians save $500 billion annually, with nearly half in cash and deposits. This cash is expected to flow into market-linked products, driving a 16% CAGR in investment, wealth, and exchange revenues from FY26 to FY30. Brokers and exchanges are set to benefit from a growing investor base and increased monetisation. Macquarie rated four capital market stocks as 'Outperform' and gave Angel One a 'Neutral' rating.
The Economic Times·9h ago



