NIFTY 50
24,552+0.32%
Updated 19 Aug 2026
Our Current Thesis
The themes we are watching.
Six live themes across capital flows, earnings, rotation, relative strength and market structure.
01
The Theme Gap
Why foreign money looks elsewhere
Fig. 01India Large-Cap · Global AI
02
The Earnings Gap
Capital competes globally, not locally
Fig. 02S&P 500 · India Large-Cap
03
Capital Flows
Where the bull market actually lives
Large Capsforeign owned→Money leaving
Small & Mid Capslocally owned→Money accumulating
Fig. 03Ownership vs direction of flow
04
Sector Rotation
The money didn’t leave — it moved
Leading
Pharma · Microfinance
Small Private Banks
Defence · 2-Wheelers
Small Private Banks
Defence · 2-Wheelers
Fig. 04Current sector leadership
05
Relative Strength
Strength hides in the smaller names
Fig. 05Breadth beneath the index
06
The Quiet Shift
India’s low beta is the new global magnet
Fig. 06India beta vs global equities
Markets at a Glance
The market, reduced to what matters.
S&P 500
5,570+0.23%
Updated 19 Aug 2026
NIFTY MIDCAP 150
20,345+0.71%
Updated 19 Aug 2026
NIFTY SMALLCAP 250
15,817+0.91%
Updated 19 Aug 2026
Gold (USD)
2,486-0.35%
Updated 19 Aug 2026
USD / INR
83.24-0.12%
Updated 19 Aug 2026
Connecting to live market data…