Equities Remain

• A new report released on August 10 indicates that Indian equities remain attractive for long-term investment despite recent market volatility. • The positive outlook is driven by a recovery in corporate earnings, an increase in private capital expenditure, and the potential for new trade deals. • Despite pressures from geopolitical tensions, crude oil price fluctuations, and earnings reports, Indian equities closed July with a 2.2 per cent gain.

• Choice International CEO Arun Poddar asserts that Indian equities remain attractive despite external risks, noting that the "India has no AI play" argument is weakening. • Poddar highlights that the AI and semiconductor rally is cooling in other markets, specifically citing sharp declines in South Korea's KOSPI and Taiwan's TAIEX. • The Indian rupee has stabilized following decisive actions by the RBI, including the implementation of the FCNR-B window.

• European equity markets have maintained growth and resilience following a strong performance in 2025, according to recent analyst reports. • The market's stability persists despite significant headwinds, including acute exposure to geopolitical shocks and ongoing macroeconomic challenges. • Analysts highlight that this growth is particularly notable given the region's relative lack of high-growth AI stocks compared to other global markets.