The equity market is showing resilience, recovering from recent lows despite ongoing geopolitical and economic uncertainties. Trideep Bhattacharya of Edelweiss AMC suggests the worst of market uncertainty may be behind us, with a base case for normalization by the end of April, though sustained high oil prices remain a concern.
Investor interest is returning to midcap and smallcap stocks due to attractive valuations. Sectors like power, financials, and capital goods are identified as strong performers, driven by structural demand and economic recovery prospects. The IT sector, however, is navigating a significant transition influenced by AI advancements, leading to a cautious outlook.
