{"id":17000,"date":"2025-11-07T15:01:32","date_gmt":"2025-11-07T09:31:32","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17000"},"modified":"2025-11-07T15:01:32","modified_gmt":"2025-11-07T09:31:32","slug":"financials-banks-and-construction-in-focus-as-experts-share-insights-at-cnbc-tv18-global-leadership-summit","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/financials-banks-and-construction-in-focus-as-experts-share-insights-at-cnbc-tv18-global-leadership-summit\/","title":{"rendered":"Financials, Banks, and Construction in Focus as Experts Share Insights at CNBC-TV18 Global Leadership Summit"},"content":{"rendered":"

Top Market Experts at CNBC-TV18 Global Leadership Summit See Opportunities in Financials, Banks, and Construction Segments<\/p>\n

India\u2019s equity markets have entered what experts describe as a \u201cmature bull phase\u201d, with select opportunities still emerging across financials, construction, and technology sectors, according to top strategists speaking at the CNBC-TV18 Global Leadership Summit.<\/p>\n

The discussion, featuring leading voices from Axis Capital, ICICI Prudential AMC, and Morgan Stanley India, painted a picture of a market that remains structurally strong but increasingly selective. While valuations across several segments have run up, experts believe that banks, financial services, and infrastructure-linked sectors could still deliver meaningful returns over the next few years.<\/p>\n

Neelkanth Mishra: Financials and Construction Offer Compelling Value<\/h2>\n

Neelkanth Mishra, Head of Global Research at Axis Capital, identified financials, construction, and construction proxies as promising investment areas. He highlighted that India\u2019s ongoing infrastructure expansion continues to generate multi-sector benefits, from capital goods to cement and housing.<\/p>\n

\u201cI think financials, construction, and construction proxies are where we can find returns,\u201d Mishra said. \u201cThe banking sector is well-positioned to benefit from rising credit demand, while the construction ecosystem is seeing a steady flow of government and private projects.\u201d<\/p>\n

Mishra also shed light on the technology sector, noting that while listed hardware-focused tech stocks appear \u201cbubblish,\u201d there are emerging opportunities in private technology firms, particularly those engaged in deep tech and automation. \u201cIn the private space, you will see a lot more investment options,\u201d he added, hinting at a long-term shift toward innovation-driven businesses.<\/p>\n

Also Read : Sensex Surges 650 Points from Day\u2019s Low, Nifty Crosses 25,500 as Markets Stage Strong Comeback<\/a><\/p>\n

S Naren: India in a Mature Bull Phase, Patience Key for Investors<\/h2>\n

S Naren, Chief Investment Officer at ICICI Prudential AMC, described the Indian stock market as being in a \u201cmature bull phase,\u201d one where investor selectivity and patience have become crucial.<\/p>\n

\u201cThere have been such good runs in India that anything which had to be discovered got discovered,\u201d Naren observed. He explained that his investment philosophy focuses on areas where sellers have grown impatient \u2014 typically stocks that have gone through prolonged underperformance despite solid fundamentals.<\/p>\n

\u201cWe buy wherever we find that the seller has got frustrated with holding stocks for two or three years with no returns,\u201d he said. Naren also pointed to recent strength in oil and gas stocks, suggesting that cyclical sectors could continue to surprise on the upside.<\/p>\n

According to Naren, this market environment demands discipline. \u201cThis is a time for careful stock picking, not chasing momentum,\u201d he emphasized, highlighting that value-oriented investing will likely outperform in the next phase of the market cycle.<\/p>\n

Ridham Desai: Banks Still \u2018The Place to Be\u2019 as Valuations Turn Attractive<\/h2>\n

Ridham Desai, Managing Director at Morgan Stanley India, struck a bullish tone on the banking sector, calling it one of the few pockets of relative undervaluation in today\u2019s market.<\/p>\n

\u201cBanks look very attractive. Valuations are below history, earnings are below history, margins are stabilising and likely expanding,\u201d Desai noted. He added that despite short-term volatility, lenders remain fundamentally strong and well-capitalized to support India\u2019s next phase of growth.<\/p>\n

Desai described banks as \u201cthe place to be,\u201d citing improving asset quality, robust loan growth, and expanding credit demand across retail and corporate segments. He believes that financials could outperform broader indices, especially as inflation stabilizes and credit momentum picks up.<\/p>\n

Selective Optimism in IT: AI Challenges but India Retains Edge<\/h2>\n

While the IT sector has faced earnings pressure amid global uncertainty, Desai maintained that the long-term story remains positive. He dismissed fears that artificial intelligence (AI) would immediately disrupt coding and software services.<\/p>\n

\u201cIt\u2019s not so simple that AI is going to take over coding,\u201d he said. \u201cIn fact, much of the AI monetisation is taking place here in India.\u201d Desai pointed out that the real challenge for IT services comes from the rise of Global Capability Centres (GCCs) \u2014 in-house innovation hubs set up by multinational corporations \u2014 which have reduced outsourcing to Indian vendors.<\/p>\n

Despite these headwinds, he sees India retaining a key role in the global technology supply chain, driven by its skilled workforce and adaptability to new digital trends.<\/p>\n

Experts Agree: The Next Phase Requires Patience and Precision<\/h2>\n

Across the discussion, one theme was clear \u2014 India\u2019s bull market is evolving from broad-based to selective, requiring investors to adopt a disciplined and patient approach.<\/p>\n

Experts agreed that while large-cap valuations appear stretched in some areas, financials, construction, infrastructure, and selective technology stocks offer opportunities for those willing to look beyond short-term volatility.<\/p>\n

As India\u2019s economy continues to expand, market participants expect earnings momentum to shift toward sectors with structural demand \u2014 particularly banks, capital goods, and infrastructure-linked plays.<\/p>\n

\u201cThe Indian market is no longer about buying everything,\u201d one strategist remarked. \u201cIt\u2019s about identifying where real earnings growth will come from over the next three years.\u201d<\/p>\n