via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine Sensex, Nifty, Share Prices LIVE: The Indian equity market outlook for the upcoming fiscal year suggests growth potential amid expected turbulence. Analysts emphasise the need for fundamental analysis over speculative trading, as the market navigates macroeconomic challenges while seeking a durable recovery. The performance of smallcap and midcap segments, typically buoyed during market rallies, will largely depend on the upcoming earnings season. In the recently concluded 2024-25 fiscal, the BSE smallcap index surged by 3,471.79 points (8%), and the midcap index rose by 2,209 points (5.61%). The benchmark Sensex gained 3,763.57 points (5.10%). The March rebound was driven by improving domestic sentiment, a return of foreign investors, and better valuations after months of declines. Despite these gains, the overall market struggled to achieve double-digit returns due to previous overvaluation and subdued earnings growth, highlighting the need for cautious optimism as the market stabilises.