AI fear over IT overdone, but near-term pain likely to persist: Seshadri Sen (opens original article in a new tab)

Indian IT sector remains under pressure from AI fears and global cues, with near-term challenges but potential long-term value, as experts advise caution and highlight improving earnings and domestic demand themes.

• Indian IT sector faces pressure due to AI-related fears and global market cues
• Seshadri Sen notes near-term weakness but sees long-term valuation opportunities
• Monsoon risks are managed with contained inflation but rural demand remains a concern
• Sen recommends cautious IT positioning with focus on consumption and financial sectors
• Earnings outlook for large-cap indices is stable with improving corporate growth