Expert view, Sept. 8 -- Rupen Rajguru, Managing Director and Senior Advisor - Head of Equity Investment and Strategy, Julius Baer India, believes the Indian stock market may hit a record high next calendar year as the corporate earnings should see a strong recovery from Q3FY26 onwards. Talking about mid and small-cap segments, he said these are high beta, but the fundamentals of the companies are strong, and typically these stocks tend to do well in a low-interest-rate, low-inflation, and easy liquidity environment. In an interview with Mint, Rajguru shared his views on the Indian stock market, his expectations about the US Fed rate cut and equity investment strategy for the medium term. Here are edited excerpts of the interview:

Let me ...