India, Dec. 5 -- Marc Faber, the stock soothsayer who is famous for his 'Gloom, Boom, Doom' report, feels that the Indian stock market is not going anywhere in 2026. This view is contradictory to those of the analysts, and brokerage houses that believe that the Sensex, the Bombay Stock Exchange index, may gain more than a quarter by December 2026. As we prepare to step into the new year, there are reasons that can be used by both sides, the bulls and bears, and optimists and pessimists. Like the Indian economy's 'Alice in Wonderland' story, the country stock markets imply another trip down the rabbit hole.

One of Faber's main concerns revolves around the value of the rupee, and its exchange rate vis-a-vis the dollar. Already, the Indian ...