Ajay Bagga on where to look for next market trigger and pockets to avoid now

economictimes.indiatimes.com:

Ajay Bagga, Market Expert, says the size of the order flow has started coming down in IT because companies are not willing to give very long-term orders or very large orders given the way AI is disrupting the entire industry. But within the next one year, we will start seeing the first case studies coming out where Indian IT companies will start enabling the hardware gains to come into actual industries via some software and that is where Indian IT will start scoring. Probably, we can wait it out for three months more.
Do private banks and the underperforming ones seem to be the only value zone in the market right now?

Ajay Bagga: Not exactly. There are a lot of defensives available like IT and pharma stocks. So, it is not only the private banks, but last week, the flavour has been the private banks and Bank Nifty has performed very strongly this week. So, there is a catch-up trade happening with the large private banks. On Friday, we saw a bit of volatility, but it was all under 1%.

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Par for the course, the market is digesting some of the up move that it has made post the 4th of June. So, I think this should continue. The large private banks recaptured their previous numbers in the stock market pantheon. I think that should continue. But in terms of value, there are