India’s stock market may seem subdued in the short term, but it’s quietly preparing for its next major bull run, according to Atul Suri, CEO and CIO of Marathon Trends. Speaking to ET Now, Suri described the current phase as a “time correction, not a crash”, signaling consolidation before a breakout that could usher in a fresh multi-year rally.
A Quiet Phase Before a Breakout
While global indices like the Nasdaq, Dow Jones, and Nikkei have surged to record highs, the Nifty 50 has moved largely sideways over the past year. However, Suri views this period of stagnation as healthy consolidation, rather than underperformance.
“It’s a time correction, not a price correction. Such phases often precede a strong breakout,” he said.
According to Suri, the Indian market’s resilience — even amid global volatility — suggests strong underlying fundamentals and investor confidence.
Global Rally Powered by AI Revolution
Suri noted that the global equity surge has been driven by the AI boom, particularly through the “Fab 7” tech giants — Nvidia, Microsoft, Google, Meta, Apple, Amazon, and Tesla. These companies, he said, are powering an “industrial revolution led by AI,” underpinned by real profits and scale, unlike the speculative tech bubble of 2000.
However, he acknowledged that India missed the AI wave, as domestic IT giants have yet to adapt to the fast-changing AI ecosystem. “Many Indian IT stocks are near 52-week lows. The market doesn’t yet believe they can transition fast enough,” he observed.
Gold, Dollar, and Commodities: The Global Undercurrents
Suri also pointed to a structural decline in the US dollar and weakness in crude oil, which he believes are reshaping global capital flows.
“Gold has crossed all targets and entered blue-sky territory. It’s not speculative — it’s structural,” he said, highlighting strong sovereign gold buying and diversification away from the dollar.
He described the current commodity upcycle as a supercycle, with gold, silver, and copper expected to maintain bullish trajectories.
Crypto: “The Most Fascinating Chart on the Planet”
On digital assets, Suri expressed admiration for the technical patterns in cryptocurrencies, calling Bitcoin and Ethereum “chartist dreams.”
“Crypto trades purely on demand and supply, and the parabolic moves are mind-bending. It’s the new generation’s market,” he said, noting that younger investors globally are gravitating toward crypto over traditional equities.
No Bubble, Just Rotation
Despite the rapid rise in global equity markets, Suri dismissed the notion of a bubble.
“Corrections will happen, but there’s no crash coming. Today’s market leaders are profitable and transforming industries — this isn’t 2000 again,” he said.
India’s Next Mega Trends
Suri believes the next phase of India’s bull market will be driven by three structural themes — Defence, Online Retail, and Green Energy.
- Defence: Despite recent corrections, defence remains a “mega theme” both in India and globally. Government focus on self-reliance and steady order flows ensure long-term growth.
- Digital Consumption: Online retail, quick commerce, and digital payments are reshaping Indian consumer behavior. “This is now a habit — and profitable,” he said.
- Green Energy & AI Infrastructure: From renewable energy projects to data centers powering AI systems, these are the “new-age picks and shovels” of the upcoming industrial shift.
“This Is the Rest Before the Next Sprint”
Concluding his outlook, Suri emphasized that the Indian market’s current lull is not a sign of exhaustion but preparation for the next bull phase.
“We’re in transition. The old leaders — banks, IT, large-cap tech — are sluggish. But new-age sectors like defence, data, green energy, and digital commerce are emerging as the next market drivers. This is the rest before the next sprint.”
In short, India’s markets may be quiet — but beneath the surface, the foundations for the next big bull run are already being laid.
Originally published on newsworldstime.com.
Originally published on 24×7-news.com.
