Investors looking to buy into momentum around artificial intelligence should consider stocks outside of the technology sector, said Ron Temple, chief market strategist at financial advisory and asset-management firm Lazard.
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"We are positive on interest rate-sensitive sectors from a 12-month perspective as interest rates seem to be peaking. NBFCs, banks, and real estate are likely to perform well in a falling interest-rate environment. Secondly, the defence sector could continue to be in the spotlight, considering a projected 2-3% spending as a percentage of GDP over the next decade."
The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said India is expected to see “the best structural growth prospects in the region” with mid-teens earnings growth over the next two years.