New Delhi, March 12 -- Sandeep Nayak, executive director (ED) and chief executive officer (CEO) of Centrum Broking, believes the Indian stock market is in a recovery phase with a short-term Nifty 50 bottom in place. In an interview with Mint, Nayak said if the earnings growth trajectory over the next two quarters remains good and we see a good monsoon, the Nifty 50 may see a new high in the latter half of FY26. Here are edited excerpts from the interview:

Indian markets are amid a structural bull run that began a few years back and has witnessed a major correction triggered by domestic concerns, global economic uncertainty around the Donald Trump reset, and foreign investor withdrawals.

This has created an opportunity for those on the s...