equity pulse

The Great PSU Correction: 13 Public Sector stocks have dropped over 40% in the last 2 years. 🔻RVNL -60% 🔻Gujarat Energy -60% 🔻Ircon International -52% 🔻UCO Bank -51% 🔻IREDA -51% 🔻SJVN -50% 🔻IRFC -49% 🔻IRCTC -47% 🔻Central Bank -46% 🔻IOB -46% 🔻RCF -43% 🔻Railtel Corporation -43% 🔻REC -43% 19-06-2026

The Great Indian Bull Market Paradox A 2,370+ day bull market—but for a large section of investors, it hardly feels like one. 📌 Nifty 50: ~15.6% over 3 years 📌 Post Office 3Y TD: ~21.6% 📌 SBI 3Y FD: ~21.3% The bigger surprise: 🔻 56%+ of 2,800 stocks failed to beat a basic Post Office deposit. 🔻 32.5% actually lost money. 🔻 Even several heavyweight stocks underperformed sharply. 🔺 Yet, around 10% delivered 200%+ returns. That is the real paradox: A rising market does NOT mean every stock rises. The index may be near record highs, while individual portfolios can remain stuck—or even lose money. In a highly selective market, stock selection matters far more than simply being invested. A bull market can lift the index without lifting every investor.

STT revenue crosses ₹40,000 crore, proving that tax hikes are paying off for the government—but at what cost to investors? Heavy taxation on trades makes markets unfavorable and stifles investment growth.

While stock markets across the world are performing well, India’s market continues to lag. This should be a matter of concern—not just for investors, but for policymakers as well. With FIIs selling relentlessly, crores of Indians investing their hard-earned money directly in equities and through mutual funds are bearing the impact. The government must urgently take credible and confidence-building measures to strengthen market sentiment, attract long-term capital and restore investor confidence. A strong economy deserves a strong and healthy capital market.

Taiwan has overtaken India to become the world’s 5th largest stock market, powered by the AI and semiconductor boom led by TSMC. While Taiwan surged on innovation, chip manufacturing, and global investor confidence, India slipped due to slowing earnings growth, expensive valuations, and persistent foreign outflows. The message is clear: In today’s world, technology leadership and manufacturing strength are creating wealth faster than hype and narratives.