Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania
Published . Updated .
Key takeaways
- Abakkus Asset Manager's Sunil Singhania expects Nifty to underperform the broader market, with 40-50% of its constituents unlikely to match India's GDP growth amid shifting sectoral opportunities.
- Exposed: INDA, HDB, INFY, RDY, MMYT
- Market reaction: price tracking starts with the next trading session.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Abakkus Asset Manager's Sunil Singhania expects Nifty to underperform the broader market, with 40-50% of its constituents unlikely to match India's GDP growth amid shifting sectoral opportunities.
Directly affected
- No company is named in this report.
Indirectly affected
- INDA iShares MSCI India ETF-5.1% 15d
iShares MSCI India ETF holds stocks listed in India, which this story is about (“nifty”).
- HDB HDFC Bank-3.0% 30d
HDFC Bank (commercial banks) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares.
- INFY Infosys
Infosys (computer programming services) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares.
- RDY Dr. Reddy's Laboratories
Dr. Reddy's Laboratories (pharmaceutical preparations) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares.
- MMYT MakeMyTrip
MakeMyTrip (transportation services) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| INDA | -4.83% | -1.69% | base | after close | after close | after close | after close |
| HDB | -9.70% | -3.22% | base | after close | after close | after close | after close |
| INFY | +0.20% | -2.08% | base | after close | after close | after close | after close |
| RDY | -5.10% | -0.87% | base | after close | after close | after close | after close |
| MMYT | -10.67% | -0.72% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania CNBC TV18
Source: CNBC TV18
How far Ishares Tr (INDA) has moved since 7 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Hdfc Bank (HDB) | three days earlier | -3.22% | final price |
| Hdfc Bank (HDB) | five days earlier | -9.70% | final price |
| Ishares Tr (INDA) | three days earlier | -1.69% | final price |
| Ishares Tr (INDA) | five days earlier | -4.83% | final price |
| Infosys (INFY) | three days earlier | -2.08% | final price |
| Infosys (INFY) | five days earlier | +0.20% | final price |
| MakeMyTrip (MMYT) | three days earlier | -0.72% | final price |
| MakeMyTrip (MMYT) | five days earlier | -10.67% | final price |
| Dr Reddys Laboratories (RDY) | three days earlier | -0.87% | final price |
| Dr Reddys Laboratories (RDY) | five days earlier | -5.10% | final price |
Who gains and who loses around Ishares Tr (INDA)
Companies mentioned with this story
- INDA Ishares Tr
In “Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania,” Ishares Tr (INDA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI India ETF holds stocks listed in India, which this story is about (“nifty”)
- HDB Hdfc Bank
For “Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania,” Hdfc Bank (HDB) is linked, with no stored direction, medium confidence. Reason on file: HDFC Bank (commercial banks) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares
- INFY Infosys
Infosys (INFY) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania.” Reason on file: Infosys (computer programming services) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares
- RDY Dr Reddys Laboratories
In “Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania,” Dr Reddys Laboratories (RDY) is linked, with no stored direction, medium confidence. Reason on file: Dr. Reddy's Laboratories (pharmaceutical preparations) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares
- MMYT MakeMyTrip
MakeMyTrip (MMYT) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania.” Reason on file: MakeMyTrip (transportation services) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares
Ishares Tr (INDA)
Ishares Tr (INDA) is the company in “Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania,” the 7 Nov 2026 this story story.
What ties Ishares Tr (INDA) to the headline is this: iShares MSCI India ETF holds stocks listed in India, which this story is about (“nifty”)
A second company, Hdfc Bank (HDB), is listed for a different reason: HDFC Bank (commercial banks) is one of the largest India-based companies traded in the US, so news about India (“nifty”) reaches its shares
Price levels for Ishares Tr (INDA)
HDB traded between 21.36 and 24.00 across 20 sessions. The latest close on file is 22.70. INDA traded between 45.35 and 47.92 across 12 sessions. The latest close on file is 46.04. INFY traded between 10.12 and 10.86 across 4 sessions. The latest close on file is 10.73.
How strong the case is around Ishares Tr (INDA)
40 out of 100
“Nifty may underperform broader market as half its constituents lag GDP growth: Sunil Singhania” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.