India's equity markets are heading into a crucial earnings season at a time when macroeconomic conditions have turned increasingly supportive. Brent crude has slipped below the $70-a-barrel mark, the rupee has stabilised, and foreign institutional investor (FII) selling has moderated. Yet, despite these favourable factors, the spotlight remains firmly on the information technology sector, where investor sentiment continues to be clouded by slowing growth and uncertainty around artificial intelligence (AI).
Speaking to ET Now, Aditya Kondawar from Complete Circle Consultants, said the IT sector has endured an extended period of valuation correction, driven by weak sentiment and conflicting narratives around AI.
