Prefer bonds to equities for now, says Nitin Bhasin, sees more rate cuts ahead

Amidst volatile equity markets and rising gold prices, Ambit Capital suggests institutional investors favor bonds over equities. Nitin Bhasin, Head of Institutional Equities, cites elevated market valuations and muted FY26 earnings growth projections as reasons. He anticipates further bond yield declines due to expected rate cuts, potentially two more in the near term.