IME Capital

IME Capital is a research-first investment advisory firm. We aim to empower investors, by shrinking the insights gap between central research and RM/Clients.

[IME Capital @IMECapital]

Hi, Sharing the IME Market Outlook for June-26: Key highlights are as follows
- After April's 7.5% rally, markets turned cautious in May; Nifty declined ~1.9% as the U.S.
-Iran conflict remained unresolved despite the ceasefire.
- FIIs saw USD 4.9bn of outflows, while DII inflows of USD 8.7bn supported domestic markets.
- Q4FY26 earnings remained strong, with BSE-500 PAT growth of ~14% YoY.
- The U.S.-Iran conflict remains the key risk, with uncertainty around Iran's nuclear program, the Strait of Hormuz, and energy production.
- Crude oil remains elevated at $90–105/bbl, posing risks to inflation and India's trade deficit.
- AI-led capex continues to support global markets, benefiting semiconductors, data centres, and power infrastructure.
- Near-term market direction will depend on crude oil trends and progress toward West Asia de-escalation.

https://t.co/pJSKattPyf

[IME Capital @IMECapital]

TCS’s low salary hikes have been in the news, and a lot of people have been talking about them. The immediate explanations may be company-specific, including banding, reclassification, and a weaker-than-expected hike cycle. But the bigger reason this matters is that it may offer an early glimpse of a broader AI-related question for India.

What we may be seeing in IT today could, over time, start to be felt in other sectors too.

As AI and automation improve productivity, the key issue is not just whether companies become more efficient. It is **who captures the benefit**.

There are several ways this can play out:

- **Companies retain the gains** through better margins
- **Customers benefit** through lower prices and lower delivery costs
- **Employees benefit** if higher productivity supports better wages per worker

The more negative scenario is the one most often discussed: lower manpower needs, slower hiring, flatter wage growth, and eventually some pressure on household income and consumption. In a country like India, where the broader growth narrative is closely linked to jobs and income growth, that is a risk worth monitoring carefully.

But the positive counterargument is often forgotten.

If AI lowers IT and operating costs meaningfully, that can trigger a **strong demand response**. Lower costs can expand adoption, open up new use cases, and increase the scale of digital spending across industries. If demand rises enough, the result may not be lower employment and weaker wages. It could just as easily support **high employment and high wage growth**, even with better productivity.

So the real issue is not “AI is good” or “AI is bad”. It is whether demand expansion is strong enough to offset labour displacement, and how the productivity gains get distributed across profits, prices, and wages.

That is why employment trends, wage growth, and consumption need to be watched closely in the India story. And it is also why an increased international allocation can make sense for Indian investors: not because India’s long-term case is broken, but because this transition may create uncertainty in how growth is distributed across sectors, workers, and markets.

The important question is not just whether AI boosts productivity. It is whether that productivity translates into **jobs, incomes, and demand**.

#ArtificialIntelligence #Employment #WageGrowth #Consumption #ITServices #AssetAllocation #Diversification #tcs

[IME Capital @IMECapital]

Hi, This is just a reminder for IME’s AI Investment Opportunities webinar, that we are conducting at 4 pm today.

The focus of today’s webinar will be to answer 3 key questions

- Is AI a boom or a bust?
- India vs International Allocation (in the context of AI risk to India story)
- The best ways for investors to participate

Join our webinar on the AI trade, to better understand the AI investment theme and how to answer these critical questions on future portfolio allocations. If you are interested but can’t attend at this time, please do still register to recieve a recording of the same.

Sign-up: https://t.co/9dPvRZEv2W
Time: Thu 14 May| 4:00 PM

[IME Capital @IMECapital]

AI is driving one of the largest global investment cycles in decades — but this value is being created globally, with most Indian investors missing out.

We last hosted a webinar on the Investment Opportunities arising out of this theme in Feb-26, post which key AI funds that were recommended are up between 25-75% in the last month alone.

We believe that decisions related to India vs Global allocations, the call on is AI likely to be a boom or a bust, and what levels & how to play the AI trade are arguably the most important investment decisions to be made by investors today.

Join our webinar on the AI trade, to better understand the AI investment theme and how to answer these critical questions on future portfolio allocations.

Sign-up: https://t.co/cOVIIWmstp Thu 14 May | 4:00 PM

#AI #AIInvesting #GlobalInvesting #WealthManagement #PortfolioStrategy #FutureOfInvesting

[IME Capital @IMECapital]

Hi, Sharing the IME Market Outlook for May-26:

•⁠ ⁠April rebounded after March; U.S.–Iran ceasefire lifted sentiment, Nifty +7.5%, mid/small caps +13–17%.
•⁠ ⁠Global markets supported by strong U.S. hyperscaler earnings and ongoing AI capex cycle across regions.
•⁠ ⁠Ceasefire eased risks, but no formal deal yet; West Asia outcome and Strait of Hormuz reopening remain key triggers.
•⁠ ⁠Crude >$100; delayed Gulf supply restart, high freight/insurance costs, and incomplete supply normalisation keep macro risks elevated.
•⁠ ⁠India mixed: FPI outflows continue, offset by DII inflows; rupee stabilised but sensitive to oil.
•⁠ ⁠Q4FY26 earnings in line; Fed & RBI on hold, balancing inflation and growth after prior rate cuts.
•⁠ ⁠Positive political continuity supports outlook; maintain cautious optimism for CY26 with focus on earnings, geopolitics, and global diversification.

https://t.co/tYmMwQCRDA

[IME Capital @IMECapital]

https://t.co/gHm2uZLncq

[IME Capital @IMECapital]

Hi, We’re pleased to bring you the Apr-2026 edition of IME Capital’s Info Nuggets.
In this edition, we explore:
•How India Saves?
•⁠ ⁠Oil :The Indispensable Fuel
•⁠ ⁠AI: From Novelty to Autonomous Workforce
•⁠ ⁠India’s Logistics Infrastructure

Info Nuggets is our informal monthly roundup of compelling charts, trends, and insights we’ve come across in our research. It’s not investment advice—just a curated collection of thought-provoking data points and themes we found worth sharing.

https://t.co/heYrY1qXCe

[IME Capital @IMECapital]

This chart from Singularity does a good job of highlighting something investors often underestimate about private markets: the unlisted investing universe is not one homogeneous asset class.

Venture capital, early and mid-market growth, and late-stage PE/buyouts can differ significantly in terms of company maturity, deployment pace, liquidity, risk profile, and manager dependence. As a result, the attractiveness of different strategies can vary materially depending on the investor’s objectives and risk appetite.

That is also why diversification matters so much in this space. For many investors, building a well-diversified unlisted allocation directly across multiple funds may require far more capital than is practical.

In that context, a fund-of-funds approach can be a useful way to take an initial step into unlisted investing — especially for investors looking for broader exposure across managers and segments rather than concentrated single-fund bets.

#PrivateMarkets #UnlistedInvesting #VentureCapital #PrivateEquity #AlternativeAssets #Investing

[IME Capital @IMECapital]

Hi, sharing IME’s Market Outlook for Apr-26 (https://t.co/oNiUSV67SQ):

• March saw a sharp risk-off move as Iran tensions triggered an energy shock; Brent > $110
• Nifty corrected ~11%; broader sentiment weakened
• India faces pressure from oil, CAD, rupee & FPI outflows ($12.7bn)
• Near-term direction hinges on West Asia developments
• Fed cautious; RBI likely on hold amid inflation risks
• AI capex remains a key long-term theme; gold/silver gaining as hedges

We remain cautiously optimistic for CY26 — valuations are more reasonable, but near-term driven by earnings + geopolitics

[IME Capital @IMECapital]

#investmentInsights from #BenjaminGraham

[IME Capital @IMECapital]

#investmentTips by #RakeshJhunjhunwala

[IME Capital @IMECapital]

#wordsOfWisdom by #CharlieMunger

[IME Capital @IMECapital]

#foodForThought! #investmentInsights from #CharlieMunger

[IME Capital @IMECapital]

Nice #investmentQuote by #WarrenBuffett

[IME Capital @IMECapital]

#investmentInsights from #CarlIcahn

[IME Capital @IMECapital]

#investmentTips by #BillAckman

[IME Capital @IMECapital]

#wordsOfWisdom by #HowardMarks