Lower crude prices, improving macroeconomic conditions and a stronger rupee could create a favourable backdrop for Indian equities, even as global markets grapple with valuation concerns linked to AI and semiconductor-driven exuberance, according to Deepak Shenoy, Founder and CEO of Capitalmind AMC.
With a tentative US-Iran peace framework easing geopolitical concerns and helping cool oil prices, investors are reassessing market opportunities across sectors. Speaking to ET Now, Shenoy said India appears better positioned than many global markets, although near-term earnings growth could remain subdued.
