Indian Markets Face Global Headwinds, Fundamentals Strong: Deven Choksey

• Indian equity markets are experiencing a tough phase due to global forces, not domestic weakness, says Deven Choksey, MD of DRChoksey Finserv.
• Global portfolio rebalancing and reduced exposure to dollar-linked assets are driving selling pressure in emerging markets, including India.
• Despite market weakness, India's underlying business conditions, corporate earnings, and operating performance remain robust.
• Choksey advises patience and investing in quality companies, as currency volatility and global uncertainty cause 'collateral damage' to equities.
• Mid-tier IT, retail-focused IT, consumer, and alcohol stocks face pressure due to elevated valuations and minor earnings disappointments.

Why It Matters: Indian markets are strong fundamentally but impacted by global rebalancing and valuation corrections; patience is key.