Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company (AMC), believes that consumption remains the sparkling firecracker—a must-have for its multiplier effect in Samvat 2082.

Further, he noted that mid-cap IT also shows promise, driven by AI-led efficiency gains that outweigh concerns around H1B visa issues, which he believes are mitigated by various exemptions. According to Shah, the recent correction presents bottom-up buying opportunities, especially amid uncertainty in the US.

He emphasized that the Indian markets are likely to see more tailwinds than headwinds, underpinned by a strong domestic foundation. He added that USD weakness, policy chaos in the US, and overvaluation in US markets could potentially redirect foreign flows to emerging markets like India.

Ho

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