Amidst tariff uncertainties and a weak earnings season, India faces declining earnings estimates and foreign investor outflows. Manishi Raychaudhuri suggests focusing on domestic issues, favoring private sector banks due to their strong performance and technological capabilities. He also recommends considering select industrials, consumer discretionary stocks, and domestic healthcare services for potential growth.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.