Wood predicts Indian equities staying flat through 2025, then rallying in 2026 on multiple catalysts.

• Tax cuts, RBI easing, and long‑term growth fuel optimism for a 2026 market surge significantly.
• Steady mutual‑fund inflows, $21 bn this fiscal year, absorb fresh equity supply, supporting levels in the.
• Foreign investors are at their 16% lowest since 2019; domestic flows fill the gap, keeping the market afloat now.