The Big Report: Understanding fiscal trends and India’s macro-economic stability

HDFC Securities annual report, The Big Review 2026, offers a comprehensive outlook on global and domestic macro trends, sectoral opportunities, and evolving investor behaviour—making it a must-watch for investors.

Despite geopolitical risks and global volatility, the report highlights India’s macro-economic stability, driven by steady growth, moderating inflation, and well-controlled fiscal trends. While corporate earnings growth may remain modest and market valuations are easing, indicators suggest markets could be close to a bottom, creating selective investment opportunities.

Supported by strong domestic liquidity and rising retail participation, India’s equity markets continue to show resilience. The Big Report was released in Mumbai by HDFC Securities MD & CEO Dhiraj Relli, along with Chief Research Officer – Equities, Varun Lohchab, Head of Institutional Equities, Unmesh Sharma and Head of Prime Research, Devarsh Vakil.

Watch the full video to understand key insights, risks, and opportunities shaping India’s market outlook for FY27.