- 2 weeks ago
Market expert Sharmila Joshi believes this rally could be more sustainable than earlier ones. She pointed out that signals from the US economy, including the possibility of another rate cut, have boosted investor sentiment. Progress in trade negotiations between India and the US is also fuelling optimism.
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00:00Good afternoon and welcome to the Market Closing, our collab show between Business Today and
00:19India Today Television. I'm Sakshi Batra and this is the 3pm show where we get you
00:23all the market closing action. First up, let's take a look at what's hot in the corporate
00:27and the financial space. Markets trade strong following strong global queues. Sensex jumps
00:36500 points and the nifty also hits 26,000 mark on an intraday basis led by gains in the public
00:42sector, unit banks, real estate stocks, metals and infrastructure stocks as well. Softer US
00:48inflation data has boosted the hopes of more Federal Reserve rate cuts fueling the market optimism.
00:57Major relief of Vodafone Idea, the Supreme Court has allowed the centre to reconsider the AGR
01:06dues to grant relief to the telecom company. The court has said there is no reason why the
01:11government should be prevented from reviewing the matter. Vodafone Idea shares have also jumped
01:16nearly 9% on an intraday basis following the verdict.
01:25Reliance Industries stock has also gained over 2% in trade today. This is after the company has
01:30incorporated its new AI joint venture with Meta. Reliance Enterprise Intelligence, an 855 crore
01:38partnership that focuses on enterprise-grade AI solutions and digital growth.
01:49Gold and silver prices fall as investors now book profits after a sharp global rally. MCX Gold now has
01:55slipped below the 1.23 lakh rupees per 10 grams, while silver has dropped by over 1% to now trade at
02:011.45 lakh rupees per kilogram. The decline also comes right ahead of the US Federal Reserve policy
02:08meeting and a strong dollar.
02:13India's economy continues to gain momentum despite global uncertainty, says the Finance Ministry.
02:18Demand is strengthened across rural and urban areas on the GST reforms and the festive push.
02:24In fact, inflation also remains under the control as RBI and also IMF has now raised the F526 global
02:31growth outlook to 6.8% and 6.6%. Let's trade away look at how the markets are trading in the last 25
02:45minutes of trade. Remember, we've also hit the 26,000 mark yet again in the intraday session today. Seen some
02:52profit booking at those levels but still hovering around 25,960 as far as the markets are concerned.
02:58A narrow band of a move is what we have seen through the morning trading session and up until
03:04the afternoon as well, holding up to the 0.6% mark for the Nifty as well as for the Nifty Bank that
03:09hovers around 58,060-odd levels, up by about 360-odd points. What else is buzzing in trade? Well, all the
03:15sectors, barring pharma and media, they're all up and about in trade. PSU banks are the leading
03:20sectoral moves that we are seeing at this point in time. Oil and gas, real estate are the other
03:25sectors that follow with strong moves in trade today. On the Nifty, which are the top movers on
03:30the Nifty? You have SPI Life Insurance right after the earnings. The stock is moved up by 3.5%. You
03:36have Grassham Industries from the cement basket. Bharti Airtel, Eternal and Reliance Industries are the big
03:42names that are buzzing as far as the Nifty movers are concerned. Remember, these heavyweight counters are
03:48also leading to a recovery in the markets. But what's down? You can see Kotak Mahindra Bank as the
03:53top laggard. This is after the earnings have come in and Bharat Electronics infuses ONGC and some
03:59Adani Group stocks like Adani Enterprises and Adani Ports are also lagging in trade right now.
04:04But let's welcome our guest on board. Sharmila Joshi, market expert, joins in to share with us a fresh
04:09view on the markets at this point. Sharmila, warm welcome. Good to have you with us. Remember, last time we were
04:14speaking to you in the midst of the festive season in the run-up to Diwali and now I want to understand
04:20when we are back after holidays, when we are back after that festive spirit, what is your
04:25understanding of the markets and this fresh attempt to again climb above that 26,000 mark?
04:30Will this remain an attempt or this time around do you see we will see a sustained rally above that level?
04:36Yeah, we seem to be back with a bang and as I personally think that this time it is a little
04:42more sustainable than what we were seeing earlier. A couple of reasons, I think that the way we are
04:47seeing the signals from the US economy that maybe there could be another rate cut there, the fact
04:53that our trade deals seem to be progressing along good lines. We've had that statement about H1B visas
04:59come in. Also, parties from both sides seem to indicate that we could be closer to a trade deal and
05:06I think now we can definitely expect that they are closer to a trade deal because it is many months
05:12since they sort of started discussion and I think that, you know, a lot of back and forth has happened.
05:16So, that's another, you know, like if that uncertainty gets settled, that will be another good sign.
05:23And overall, you know, there seems to be some kind of sense that risk on trade is back and I do think that
05:30this time, again, the result season has not thrown up any like negative surprise. In fact, I would say
05:37that we can make a case that numbers couldn't look better going ahead. So, all things put together,
05:43it does seem that we seem to be ready to sort of attempt to make a new high and let's hope that happens
05:52sooner rather than later.
05:53Absolutely. So, Sharmila, help us, Anastra, and in this new Samwath year, what is going to be your
05:58cohort focus? Any theme sectors that you believe the outperformance can now come in from?
06:04Oh, we've already started seeing the shoots, right? We've discussed financials that sort of
06:10taken off. Autos have taken off given, you know, the GST sort of boost that they've got.
06:17One piece that hasn't really performed as yet is FMCG. Again, I think, you know,
06:21you can make a case out that the second half will be better because it will be backed by
06:27the GST sort of cuts that they've got, as well as the fact that we've seen a better monsoon
06:32and that can mean and in the past has meant better volumes, especially in rural India,
06:39where volumes have dipped for some of the FMCG companies. So, you would expect, you know,
06:43you've seen Nestle already sort of starting to move to higher levels, but the other results were a bit
06:51of a mixed bag, whether you talk of HUL or Colgate and so on. But that's a pack that I
06:56would definitely keep an eye on, not just FMCG, but anything in the consumption space.
07:01So, that would be my third sector to watch for.
07:05Fantastic. Sharma, I remember in the run-up to Diwali, we were also talking about how gold and
07:10silver have consistently outperformed the equities and that brought in focus to, you know, see how
07:17in this quarterly earnings, we will see a lot of those jewelry companies to also perform.
07:22This time around, while there was some kind of a lag buying because people were waiting for some
07:27prices to cool off. But, you know, in the later part of September, in the first half of October,
07:33a lot of people went back thinking that the prices are likely to remain elevated and they actually
07:39went back to the nearly nearby jewelry stores and they bought cool jewelry. In fact, what we are
07:43given to understand is some of the statistics have already started to pour in. Say, for instance,
07:48P and Gargill, that's actually talked about how their sales really soared in Diwali season,
07:54in terms of the kind of jewelry sales they've recorded. They've recorded 606 odd crore rupees of
07:59sales during Diwali. Highest ever, Dhanteris sales at 277 crore rupees for them as well.
08:04They've also seen that their gold revenue has actually jumped by 74 percent. Their volumes are
08:09up by about 10 percent as well. Diamond sales for them have risen by about 54 percent. Silver is up by
08:1490 percent. So, they've actually seen a festive demand across the segment too. So, I want to understand
08:19from you, how are you looking at now that the gold prices are ebbing lower from those record high
08:25levels? Last one entire week went by to understand, you know, where will exactly this fall stop or is
08:32this just a buying opportunity at large? How will you look at these jewelry companies, gems and jewelry
08:37focus sector and, of course, gold financiers? So, you know, I think that let's talk about the prices
08:43first. Yes, definitely it did seem that there was a bit of a bubble, especially where silver is concerned.
08:49At least, you know, the kind of reports that one was getting from the market seemed to suggest
08:52that there was a bubble there because there was a great demand for silver coins and some
08:58artificial shortage seems to have been created. And I think definitely once the season is over
09:05and sort of reality returns, you will see a correction. That said, you know, I think the way
09:10things are at the moment, if you were to compare this with the situation say 10 years back,
09:16the geopolitics of the world as a whole seem to suggest that there should not be too big a
09:22correction in either silver or gold. So, I think that they are going to be sort of on people's
09:28buying list because there will be sort of, you know, every year, every three, four months, there
09:33will be some situation somewhere that would make us think that the safety lies in being invested in
09:40gold. So, I don't really think that the prices are going to correct too much. And again, I think,
09:44you know, if you look at the data of the companies, everything that you read, what really surprised me,
09:49very honestly was that apart from gold sales being up, you also saw significant sales in diamonds,
09:55because, you know, there was this whole thing that lab grown diamonds could be, you know, sort of
10:00get more fashionable and the value for real diamonds could go down. But we've not really seen that in the
10:06numbers of any of the yen guarded, whether it was Titan, I mean, you name it, and you saw that even the
10:12gems business did equally well. So, I don't really think that people are going to slow down and their
10:20appetite for buying jewelry is going to go down. And as far as prices go, at least, you know,
10:27there was a time when I would have never really recommended anyone to have a silver ETF or a gold ETF,
10:31but now I definitely recommend everybody to have a silver ETF or a gold ETF.
10:35Okay. Okay. Got that. So, definitely has to be a part of the core portfolio. But remember,
10:41the prices could definitely be volatile in the near term. But eventually, once they settle down
10:46and once the entire greed and fear index is pointing out to civility, one can again look at it as well.
10:52Let's actually talk about the big buzzers in trade today and also try to find out where exactly is
10:57the opportunity lying for investors. Let's talk about the heavyweight stocks, especially the largest
11:03listed stock is Reliance Industries. And that's in the buzz today. That also has to do with the fact
11:07that the markets have recovered sharply in the trade, 2.2% higher at the day's high move for Reliance
11:14Industries at 1484. Remember, it's all about the big AI buzzword that is being seen as the trigger
11:20point for Reliance Industries. Remember, Mugeshamani is orchestrating Reliance Industries most audacious
11:25metamorphosis yet. And this is pivoting from petroleum to now processing power in a $15 billion bet
11:32that artificial intelligence will mint the conglomerate's next fortune. And as most of
11:37the experts are talking about how the market could, you know, value AI venture to upwards of even $30
11:45billion as well. Let's try and understand what could this really mean for the shareholders of
11:50Reliance Industries and for those who may be looking at an opportunity from this stage onwards as well.
11:56Sharmila, how are you looking at Reliance Industries amidst all of these developments,
11:59the big AI push that the company is doing at this point in time? You know,
12:05the last street experts are also, you know, terming this as the biggest and the, you know,
12:10most important metamorphosis seen yet for Reliance Industries, which is already a large conglomerate.
12:15And now we are going to be seeing newer ways that it is going to chart for itself.
12:19How are you looking at Arayal?
12:21So, you know, when you were talking of this being a big pivot, I was just thinking that if you really
12:26look at the history of Reliance over the last maybe eight, nine years, they seem to have
12:31increasingly gotten into businesses because let's understand why their main business was
12:36still their biggest revenue earner. The growth over there is going to not really be exponential
12:41sort of going ahead, going the size they are. Also, they have a lot of cash which they generate,
12:47which they can invest in businesses. So, you know, the kind of businesses they've gotten into,
12:50whether it is financial services, whether it is telecom, whether it is retail. Then I think a
12:55couple of years back, we heard of them getting into alternate energy and, you know, sustainable
13:01energy kind of businesses. And now this. So I think it's all very cleverly thought of because
13:06definitely these are all businesses that require capital and are very large businesses. And so far,
13:13they seem to have made those investments work. Let's see what happens with this, because there's no
13:18denying the fact that this is going to be an area where we are increasingly going to see Indian
13:26businesses put money into and focus. I'm talking of AI as well as, you know, data centers, et cetera.
13:32And I think it stands to reason that a company like Reliance would want a pair of a pie that is
13:39going to be so huge. So as I said, I don't know how it's going to pan out for them. But I think the way
13:43they've been going about things the last couple of years, this seems to, in that sense, make very
13:50good sense for them. And obviously, I think as we discussed, I think the businesses is something
13:56that will, like if it works, it's going to be a big sort of a high valuation business.
14:02Absolutely. A re-rating on the cards for Reliance from the current levels, do you see?
14:06Oh, I think maybe not immediately, but you know, as we get more and more news, definitely, I would
14:13think. Okay, fair point. Since we've been talking about this entire consumption-oriented theme,
14:19one of the key factors that we need to also look at is how the e-commerce space is growing,
14:24you know, by leaps and bounds as well. In fact, Amazon India's export base has also risen by 33% in
14:31the past year, reaching nearly 2 lakh entrepreneurs and small businesses. Exports to the US have
14:36continued to dominate, keeping India on track to achieve the $80 billion of exports by 2030. In
14:42fact, speaking to Business Today's Karishma Sudhani, we have had Srinadi Kalwapuri, the head of Amazon
14:48Global Selling India, who has spoken about the growing export base, the tariff impact and how Indian
14:55sellers are truly expanding globally. Let's listen in to that. Srinadi, you did mention of the fact
15:03that how you've been well within the target reach before time, in fact, before the year has ended.
15:09Do you think this number could have got better if the whole geopolitical tariff situation wouldn't
15:15have survived? See, I think I'm no geopolitical expert and tariffs are a realm of trade diplomacy.
15:23But as Amazon Global Selling, here is how we look at things, right? We look at our controllable
15:31inputs. Tariffs anyway, at any rate, is an uncontrollable. So, and there are three or four
15:36questions that we ask ourselves. One is that, is this structural or is this cyclical, right? India has
15:45very deep, you know, export and manufacturing strengths. For instance, in the area of home textiles,
15:51in the area of health and personal care, in the area of beauty, right? And, you know, these are
15:56places where we're actually seeing a 10 year CIG of upwards of 35%, right? Across all of these
16:01categories. Two, we've also been doing a lot of work on capability building over a period of time.
16:08And, you know, capabilities, as you know, compound over a period of time, right? And to translate that
16:13into Amazonian language, what is also happening is that our flywheel is spinning faster and faster.
16:19So, if I were to look at all of these three things, it still gives me a lot of confidence for our
16:2420, 30 milestone. Srinadi, could you just give me some idea or insight into the point-to-point
16:30that's doing well? For example, in India, which city have you seen to kind of climb up the chart of
16:37maximum exports when it comes to e-commerce via the global selling program? And also, which country are
16:42you seeing gaining maximum out of our exports?
16:47From an internal, you know, India point of view, I think this is spread across states, right?
16:53You know, from the Delhi NCR region, you know, Uttar Pradesh, Gujarat, Rajasthan,
17:00down south, you know, Tamil Nadu, right? So this is, as I said, it's a secular phenomenon across,
17:05because, you know, our export and manufacturing systems for India have actually been, you know,
17:09spread across the regional. And, you know, we see secular participation across all of these regions.
17:14Coming to the countries, you know, where we are doing well, I think the US, of course,
17:19you know, continues to be our biggest marketplace.
17:21Despite the tariffs.
17:25And followed by the EU.
17:28Well, that's good news coming in, in fact, for Indian exporters via e-commerce. As Amazon India has
17:35said that the sellers have already topped $20 billion of exports right ahead of the 2025 target.
17:41And this comes in despite the entire tariff tantrum that we have been facing. Although US tariffs,
17:47these exporters have said, have posed a near-term challenge, the long-term outlook remains firm.
17:51And they've also set an $80 billion export goal for 2030, as reforms boost continue for e-commerce
17:58space as well. Sharmila, coming to you, the Indian e-commerce space is also growing substantially.
18:05And, you know, it's entering urban households and now even tier two, tier three cities in a very
18:11swift manner as well. How are you looking at opportunities that present themselves for the
18:15Indian audiences, investors in this space? And how do you see the growth for this space? If somebody
18:21has a long-term vision for their investment portfolio, what would you advise on such companies?
18:26Oh, well, definitely they seem very attractive because we have, I think all of us are sort of
18:31sensing that the way we shop has changed. And so whether it is buying from an Amazon or getting
18:39delivery from a blanket or a swingy, we know that, you know, we are now shopping very differently from
18:45what we were earlier. And it stands to reason that whether it is a Zomato or whether it is a blanket or
18:50whether it is a big basket, they are going to find their way into a lot of the tier two, tier three
18:56cities. And all of them will, I think, see growth because the size of the market is very large. So,
19:01you know, I just said, I think the valuations at this point in time may seem expensive, but given
19:06the opportunity there, and if you're a long-term investor, I think whether it is a
19:11whether it is a Zomato or a Swiggy, it makes a lot of sense at this point in time.
19:16Okay. When we're talking about the kind of new age companies that there are these newer
19:22opportunities that are existing, remember, there are newer companies that are lining up to launch
19:26on D Street as well. New age eyewear brand Lenscar Solutions is also gearing up for its much awaited
19:327,300 crore rupees IPO debut on Dalal Street. The subscription window will be open from October 31st to
19:38November 4th with the price span that set between 382 to 402 rupees per share. And in a press conference,
19:45the CEO, Piyosh Bansal, also shared insights on Lenscar's business model, how the company maintains
19:50healthy margins while keeping the costs low, the strategy for future expansion. Let's, in fact,
19:55also listen in to what he had to say.
20:15We, our goal is that we give Japanese quality to people in India, right? And we are supplying the
20:20same lenses now to Japan. Uh, 200 store in Lenscar in Japan. Uh, but the, but still we are able to do it at a
20:28lower cost because of automation and technology. The next is scale. Today, uh,
20:34in the past three years, we have opened about 1,000 store in Lenscar in India. Uh, and
20:39in about 400 cities, we have opened almost 500-500 cities in Lenscar. But what we are really doing
20:46is, abhi, hamne chashme ko mobile phone bana diya hai. Right? Abhi, aapko gharpe chashma kharidna hai,
20:52toh we can come and do iTest at home and you can place an order. Aap online order place kar sakte hai hai.
20:57Sharmila, um, any opportunity that you scout for investors in Lenscar IPO? What's your fresh thought?
21:04There's been a lot of debate about the valuations there at large. Do you again feel that the investors, uh,
21:11should be very careful when one look at, when one looks at this kind of a new age opportunity,
21:16even though everybody of us is now used to going to the nearby Lenscar store to get our, uh, you know,
21:22six months, uh, vision checks done or probably just, uh, go forward and take that membership to
21:28get an extra pair of lenses or frames. How are you looking at this opportunity for consumer investors
21:33at large? Uh, again, I think very attractive, uh, the way they grow their business. But as you said,
21:38I think valuation remains key. Uh, so you, uh, definitely need to keep an eye on what price the
21:44IPO comes at and, uh, the opportunity there and so on. But there's again, you know, no taking away from
21:49the fact that, uh, uh, again, the way, as you said, you know, the way, the way we shop for,
21:54whether it is a pair of, uh, frame or lenses or whatever, I think, you know, it has significantly
21:59changed over the last four or five years. And if you were to see more cities and, uh, them being
22:05able to serve, uh, service more outlets. And I think another very good plus point of these companies
22:11becoming, uh, sort of listed is that, you know, then the service standards have to be, because you're in
22:16the public eye then and you're answerable to, uh, minority shareholders. So I think
22:21automatically it's, it's a win-win, you know, in that sense, because you do have to definitely,
22:25uh, keep that model of your business really good. Otherwise you will face flat,
22:31not just from your customers, but from your investors as well. So I, I'm actually very positive
22:36about it. Okay. Very positive about this. Let's look at the PSU banks index. It suddenly shot up even
22:43further and it's now trading at the day's high point as well. So smart moves being seen on that
22:48front 2.7% higher. There's been a spike, uh, just, um, as we have been speaking about the markets,
22:55uh, Sharmila, any thought on PSU banks that have been lying low for some time now, uh, how is the
23:00valuation vis-a-vis the private banks and the opportunity that exists? We do know periodically
23:05we've been seeing some moves on PSU banks in hopes and anticipation of, uh, uh, the government,
23:10uh, you know, developments to take place, mergers to take place there. Um, any suggestion on how
23:16should one participate in this fresh move? Definitely. I think, you know, given everything,
23:21uh, whether it is private banks, PSU banks and, uh, positive on all, but yes, I think definitely
23:26when you come to PSU banks, there are a lot of banks where valuations are attractive and a lot of
23:30banks where other things could happen, you know, what, uh, that you could see some investor come in
23:35and so on and so forth. So overall, uh, if you were to ask me at this point to choose between the two,
23:40then barring some of the, uh, you know, like the top names in the private bank, I think definitely
23:45your first option should be the top name in the PSU banks and then, uh, shift to some of
23:51the smaller banks on both sides, but definitely PSU bank, the larger banks will, uh, see gains from
23:58current levels. Okay. Got that. Any choices there? Um, any pecking order in which you can, uh,
24:04pencil in, uh, for us for the opportunities that you are scouting?
24:07Sir, I mean, I will not talk of SBI, but, uh, if you were to look at the larger PSU banks,
24:11then definitely stocks like a Bank of India, there is a PNB, Bank of Baroda, Canada bank.
24:16I think, as I said, you know, all the larger PSU banks, uh, will, uh, like Indian bank, I think
24:22these will definitely feature on my list. Okay. Let's quickly look at, uh,
24:27the market closing viewers one minute to go before we shut off for the day. And then we'll
24:30come back to a conversation with Charmila as well. Uh, so the Nifty manages to end with about 0.7%
24:36gains. You can see 25,979 coming in on the Nifty right now, the Nifty bank about eight tenths percent
24:42higher. So doing better than the Nifty as well at this point, 58,192. This is largely also led by
24:48the spike that we are seeing in the PSU banks just towards the closing of the session across the board.
24:53There's some news flow that you could be expecting right after the market
24:57you know, closing as well. That happens because all the stocks, um, you know, have showed that
25:01spike and PSU banks, uh, index has also moved up to the high point of the day. Uh, now, um,
25:07about 218 points higher, almost 3% of a move on the higher side, oil and gas sector. You can also
25:12look at, uh, the other sectors like real estate that are doing well. Um, you know, names like Grassim,
25:17SPI Life, Bharti Airtel, um, SPI Reliance Industries, Eternal. These are the top gainers as far as the markets are
25:24concerned at this point. On the losing end, however, you also have names like Kotak Mahindra Bank,
25:29BEL Infosys, Bajaj Finance, Adani Enterprises and Adani Ports. But definitely when you look at,
25:36uh, the kind of, uh, names that you're seeing already on your screens, clearly it's the Nifty,
25:40the Nifty bank that's been holding up. You can also see even the mid caps that actually pulled up higher,
25:45uh, in the second half of trade, you can see 0.9% of moves that are coming in for the mid cap, uh,
25:51100 index. They're on your screens, you know, at the high point as far as the Nifty 100, um,
25:55mid cap 100 index is concerned. Let's look at the small caps as well to see how that one is also
25:59moved up. Yes, again, uh, to the day's high point, 0.8% of a move on the higher side as far as, uh,
26:05the index for the small caps is also concerned. Real estate index also pulled it up, pulled up in trade
26:10across the board, barring when we see just about media stocks and, uh, pharma names, uh, rest,
26:16all of the sectors, they actually moved up in trade, truly a substantial move that we have seen.
26:21In fact, from the broadest index, you do have some names that have actually moved up very,
26:25very strongly in trade. Hatson Agro about 19% higher. PSP projects is up in trade.
26:31Wellspun investments is higher in trade. Um, you know, you also have names like first source
26:35solutions that's also pulled up about 8% higher. So these are all the names that have actually moved
26:40up substantially as well. With that, um, let's go back to Sharmila, uh, to try and understand some more
26:47questions actually that are coming in from our viewers. It's time for our viewers choice questions
26:51too. We have, uh, the first question that's come in from Pawan Sharma from Kolkata. Okay. So that's
26:57the question is on the IPO space lens cart or studs. Remember that's the helmet maker that's also fixed
27:03its prices. And therefore that's the other IPO that is coming up, which upcoming IPO is better to
27:09invest in for listing gains. There is, uh, that's the question coming in difficult one, uh, there
27:14Sharmila. How would you address Pawan, uh, Sharma's question? So, you know, I think it's an excellent
27:21strategy to, uh, invest in a company for listing gains because IPOs, uh, historically have shown that
27:27they make very good, uh, money on listing gains, but honestly, I'm not looking at it like that. So my,
27:33my choice would be lens cart. Okay. Got that. So lens cart is the choice that, uh,
27:39uh, Sharmila is going with. Let's actually go across to Rajiv Das's question. Now, this is from
27:44Mumbai that we are getting. The question is that are there any AI focused stocks to invest in for
27:49the long term? That's also an interesting one. Sharmila, you yourself were talking about
27:53these sunrise sectors, these themes that are going to be the next, uh, gen themes. You talked about,
27:59you know, data centers as well. Any AI linked stocks that one can currently also invest in,
28:04or do I have to only look at from the existing tech pool basket?
28:08You know, you will have to look at the existing, uh, sort of pool, uh, from, uh, for, uh, AI,
28:15because I don't think that we have any, uh, sort of, uh, pure play AI companies, uh, which is why I
28:21always thought that, you know, when this whole IT, uh, news was, uh, playing out is that, uh, uh,
28:30that you have to look at, uh, Indian companies going ahead, uh, with, uh, their share in, uh,
28:36how much they have invested in AI and, uh, what kind of, uh, strategy they have for AI going ahead.
28:42So you do hear of companies like whether it is, uh, or whether it is a persistent or whether
28:48it is that they have, uh, you know, some, uh, sort of money, uh, but the larger companies,
28:55you know, we are still to get a level sort of a better understanding of, uh, what their AI strategy
29:01is going to be, uh, going ahead. So definitely we don't have any media that we can say, yes,
29:05just go and buy that. Uh, but, uh, there are, uh, companies which are doing, uh, stuff in AI and
29:12you need to sort of take a look at those verticals and bet on those.
29:16Okay. Fair point. Well, Sharmila, thank you so much then for being with us. And of course,
29:20for sharing all those wonderful insights that you always do with all our viewers. Viewers,
29:25it's a wrap on the Business Today show, but in case you have any questions about investments,
29:30your mutual fund queries, SIPs, stocks, or gold-related queries, then please do send them to us on the
29:35number that's flashing on your screens. We'd be happy to take them and don't forget to catch
29:39the market opening action with Ababa Kaya at 9 AM tomorrow.
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