The InCred Asset Management fund manager expects sectors such as IT, Healthcare, Manufacturing, and Consumer Discretionary to drive the next leg of the rally in the Indian markets. He believes that the markets are fairly valued at the current levels and that returns will depend on earnings growth. Sood also advises investors to stay disciplined and avoid over-exuberance in sectors with unfavorable risk-reward ratios.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created