New Delhi, Oct. 19 -- Expert view on Indian stock market: Rahul Ghose, the founder and CEO of Octanom Tech and Hedged.in, believes the Nifty 50 may surpass the 28,000 mark by next Diwali, supported by global liquidity, domestic inflows, and a resilient corporate balance sheet. In an interview with Mint, Ghose shared his outlook on the Indian stock market, key risks for the market, and sectors that can generate alpha in Samvat 2082. Here are edited excerpts of the interview:

Earnings recovery, improving liquidity and political stability are the key factors markets would look for in a potential rebound.

FIIs were largely net sellers in calendar year 2025; for them to return, earnings recovery has to happen.

If corporate profitability gro...