Lighthouse Canton sees global bond yield repricing as temporary “air pocket” for Indian equities
Reuters2026/09/15 06:42- Lighthouse Canton flagged a global repricing of sovereign duration, with the US 10-year near 5%, lifting discount rates across risk assets.
- India seen as better positioned than 2013, citing an FCNR window that drew over USD 125 billion, backed by about USD 700 billion reserves.
- Equity impact framed as an “air pocket,” with a recommended shift up the quality curve toward earnings resilience during higher-rate volatility.
- Indian banks highlighted as a buy, with Nifty Bank below five-year median multiples, strong asset quality, high capital, strong provisioning.
- Pharma and listed hospitals also favored, with domestic pharma up 10.7% y/y in August 2026, supported by chronic-care demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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