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.
Xtranet Technologies shares list at 7% premium over IPO price on NSE
Xtranet Technologies debuted at up to a 7% premium over its IPO price on Thursday, falling short of grey market expectations of an 11% gain.