“Sunil Subramaniam expects the broader market to remain cautious in the first half of the year, with fund managers preferring to sit on cash due to valuation concerns and uncertainty surrounding earnings and the Union Budget. He anticipates meaningful tactical allocations only after mid-February, with the second half of the year performing better, though one-year equity returns remain uncertain due to global trade tensions.”

Sunil Subramaniam’s track record: 14 graded calls · 95% CI 12–55%