Indian Equity Markets Remain Range-Bound Amid Global Risks and Weakening Rupee, Largecaps Favored Over Smallcaps

Indian equity markets are likely to remain range-bound in the near term due to global macro risks and a weakening rupee. Anand Tandon, Independent Analyst, advises adopting a cautious stance as the market lacks clear triggers and earnings remain mixed. Largecaps are favored, driven by global themes such as metals, energy, and AI, while the IT sector faces a structural threat from the global shift towards AI, which could erode demand for traditional IT services.