Kotak says Indian equities look more attractive as AI worries ease
In short
Uday Kotak says Indian stocks now look more attractive as worries about AI spending ease.
He also expects foreign investor flows to settle down and sees another 50 to 75 basis points of rate hikes.
What the reporting says
Uday Kotak said Indian equities look more attractive as AI spending concerns ease, while also expecting FPI flows to stabilise as the AI capex frenzy cools. He also sees another 50 to 75 basis points of rate hikes.
Why it matters
Uday Kotak’s comments suggest a more constructive view on Indian equities as AI spending fears fade. He also expects foreign portfolio investor flows to stabilise and warned of another 50 to 75 basis points of rate hikes.