Indian IT stocks face pressure due to AI fears. Companies like Wipro and TCS have seen significant drops. Investors are now looking at domestic sectors. Financials, capital goods, consumption, and autos show strong potential. Banking sector credit growth is robust. Government spending supports infrastructure. Rural demand is recovering. These sectors offer better earnings visibility amid global uncertainties.
IPO rush continues: 9 issues to raise Rs 2,768 crore this week
In the upcoming week, the market gears up for an exciting round of initial public offerings, featuring five mainboard IPOs and four small and medium