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Indian markets: From UPI to AI, where Nilesh Shah, Sanjay Parekh see opportunities
CNBC-TV18 1 hr ago·18 Sept 2026, 12:21 pm
Leading investors Nilesh Shah and Sanjay Parekh remain optimistic about Indian equities despite global economic uncertainty. They believe the domestic market offers distinct opportunities, particularly in sectors that are driving India's digital and manufacturing transformation.
Their investment focus is concentrated on high-growth areas. They see strong potential in digital financial services, the Unified Payments Interface (UPI), and wealth management. Additionally, they are bullish on the growth of smaller IT firms powered by artificial intelligence and the rising demand for non-ferrous metals and advanced manufacturing.
However, they are cautious about traditional heavyweights. The duo is selective on large-cap IT, banks, and steel stocks, emphasizing that strong earnings, reasonable valuations, and sound corporate governance are critical for future performance.
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