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Indian stock markets have remained flat for the past 18 months, trailing most global peers.
Sonia Shenoy draws attention to rising criticism of fund managers who maintain bullish views despite this prolonged stagnation in performance. With geopolitical tensions escalating, Shenoy questions whether optimism for a bull market is justified.
The debate over India's market trajectory comes at a time when external pressures and sector-specific shifts are reshaping investor sentiment. Recent developments in defense—highlighted by India’s ascent to fourth place in global defence spending—underscore the broader economic dynamics influencing fund manager strategies. Meanwhile, volatility reminiscent of the recent IBM stock plunge amid AI competition serves as a reminder that market optimism must be tempered by vigilance toward emerging risks.