Markets likely to see long-term gains despite near-term volatility: Anshul Saigal

Equity markets continue to hover around the 24,800–25,000 mark, often pulling back after short rallies, but Anshul Saigal, Founder of Saigal Capital, believes the long-term outlook remains positive.

Speaking to ET Now, Saigal said that while foreign investor selling and tariff concerns are weighing on sentiment in the short term, underlying growth trends remain strong. “This is like a churning process. In the long run, strong businesses with consistent growth will deliver value,” he noted, adding that companies are already planning investments for the next three to ten years.

On sectoral trends, Saigal pointed out that IT valuations remain expensive, with many companies trading at 25–35 times forward earnings despite weak growth of 0–5%. “This anaemic growth does not inspire confidence. Unless we see signs of acceleration, IT looks unattractive for absolute returns,” he said.


Instead, he sees better opportunities in defence, renewable energy, banking, capital goods, and manufacturing. “Defence and renewables in particular are seeing strong market expansion, with some companies available at reasonable valuations,” Saigal added.

Overall, Saigal believes investors should focus on building portfolios of strong businesses with long-term growth visibility. “Short-term issues will come and go, but the good side will win in the end,” he concluded.