The current year, 2026, is a so-called midterm election year. For stocks, it is the weakest year in the four-year cycle.

Over the last couple of weeks, we have shared evidence that supports the reflationary narrative and some that defies it.

Indian share markets are trading marginally higher, with the Sensex trading 90 points higher, and the Nifty is trading 52 points higher.

Markets open with the yen under pressure on the Japan election and stimulus risks.