Gupta added that the probability of FII flows reverting is rising as the global rate cycle turns. He noted that India’s deep equity universe, high real GDP growth, domestic liquidity, and supportive policy environment make it particularly resilient among large emerging markets.
Overall, the poll suggests market experts remain constructive on Indian equities in 2026, betting on relative outperformance driven by domestic growth and improving earnings visibility, even as foreign inflows remain a key variable to watch. While FIIs are currently expected to remain cautious, improving earnings, valuations, domestic inflows, and supportive macro and policy conditions could encourage a return of foreign capital.