Last mentioned: 2d ago
The Indian stock market recorded modest weekly gains as robust performance in banking and infrastructure countered significant selling pressure in the IT sector. Investors are increasingly cautious regarding the structural impact of generative artificial intelligence on traditional IT service models.
The Indian equity market is facing a critical juncture as technical indicators and macroeconomic pressures suggest a potential structural trend reversal. Investors are closely monitoring foreign capital outflows and corporate earnings growth to determine if the current volatility marks a temporary correction or a long-term shift in market leadership.
Indian equity benchmarks Sensex and Nifty 50 staged a late-session recovery on Tuesday, closing significantly higher despite early headwinds in the IT sector. Strength in telecom and industrial heavyweights like Bharti Airtel and BHEL offset initial weakness, reflecting a broader shift in investor preference toward cyclical value.