Indian markets face uncertainty driven by US tariff concerns and geopolitical factors, leading to cautious sentiment. AI’s impact on IT services remains unclear, while digital lending platforms show potential for financial services. The auto sector exhibits mixed but positive momentum, with ferrous metals also showing promise.
Time to be selective in NBFCs as earnings premium shrinks: Viral Shah
Investors are advised to be selective with NBFCs. Valuations are high, and earnings growth premiums over banks are shrinking. Margin pressures are a key risk.