How are Indian markets showcasing resilience with Rs 9.7 lakh crore in H1 FY26?
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Synopsis
India’s capital markets have impressively mobilized Rs 9.7 lakh crore in H1 FY26, showcasing resilience amidst global challenges. The increase of 13% year-on-year highlights robust equity fundraising and market activity, underpinned by strong consumption and GDP growth. Discover the key factors that contributed to this remarkable performance.
Key Takeaways
- Rs 9.7 lakh crore raised in H1 FY26
- 13% increase year-on-year
- Rs 2 lakh crore from equity fundraising
- 122 new listings contributing to market growth
- 8% GDP growth driven by strong consumption
New Delhi, Dec 19 (NationPress) India’s capital markets have exhibited remarkable resilience in the face of global volatility, successfully raising Rs 9.7 lakh crore through equity and debt in the first half of FY26, marking a 13 per cent increase year-on-year, according to a recent report.
The analysis from the National Stock Exchange of India Limited highlights that equity fundraising amounted to Rs 2 lakh crore, which includes Rs 64,363 crore generated from initial public offerings.
In total, there were 122 new listings, comprising 54 on the mainboard and 68 on the SME platform, contributing approximately Rs 4.1 lakh crore in market capitalization, rounding out the market activity for 2025.
The report indicated that strong consumption, bolstered by income-tax rationalisation and rural demand, coupled with front-loaded exports and sustained public capital expenditure, propelled GDP growth to 8 per cent year-on-year in H1 FY26.
High-frequency indicators showed mixed yet constructive trends, with strong GST collections, PMIs, services exports, and foreign-exchange reserves standing at $686 billion, despite occasional softness in industry and credit.
The exchange noted that its registered investor base surpassed 12 crore as of September 22, 2025, with an increase of 1 crore in just eight months; notably, women made up nearly 25 per cent of investors, and 55.6 per cent of new investors are aged 30 or below.
Uttar Pradesh led the new registrations for the 32nd consecutive month, bringing total client accounts to about 23.7 crore.
After a rebound in October, the markets traded mostly sideways into December, even as persistent foreign portfolio investor selling was balanced by domestic institutional support and steady SIP inflows.
The Nifty 50 increased by 10.2 per cent year-to-date, reflecting relative underperformance but enhanced internal stability, as noted in the report.
Another recent report indicated that the FY26 September quarter earnings season showcased double-digit growth in EBITDA and profits for hospitals, capital goods, cement, electronics manufacturing services, ports, NBFCs, and telecom sectors.
Nifty earnings per share estimates for FY26–FY28 suggest an earnings CAGR of nearly 14 per cent.
Point of View
It's clear that India's financial resilience is commendable, reflecting the robustness of its capital markets. The growth in fundraising and investor participation indicates a positive trend, driven by strong economic fundamentals. This resilience is crucial for sustaining investor confidence and economic stability.
NationPress
20/12/2025
Frequently Asked Questions
What is the total amount raised by Indian capital markets in H1 FY26?
Indian capital markets raised Rs 9.7 lakh crore in H1 FY26.
How much was raised through equity fundraising?
Equity fundraising reached Rs 2 lakh crore, including Rs 64,363 crore from IPOs.
What factors contributed to GDP growth in H1 FY26?
Strong consumption, income-tax rationalisation, rural demand, and public capex contributed to the GDP growth of 8%.
What was the increase in the registered investor base?
The registered investor base increased by 1 crore to surpass 12 crore.
Which state led new investor registrations?
Uttar Pradesh led new registrations for the 32nd consecutive month.
