Rishi Kohli: ‘Budget Likely To Be Non-Event For Markets’

‘When markets go into a Budget with excessive optimism, the risk of disappointment is higher.’ IMAGE: Finance Minister Nirmala Sitharaman holds a pre-Budget interaction with students of the Delhi School of Economics, January 8, 2026. Photograph: @nsitharamanoffc X/ANI Photo It

AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025

This fear has led to valuation derating, with price-to-earnings multiples compressing as analysts lowered both near-term earnings growth estimates and long-term terminal growth assumptions in their discounted cash flow models. Illustration: Dado Ruvic/Reuters Key Points FPIs sold IT stocks worth