Manish Gunwani Bets On Banks, Sees Domestic Sectors Leading As AI Trade Faces Fatigue

Bandhan AMC CIO – Equity, Manish Gunwani, shares his outlook on markets, sectors and investment strategy amid rising geopolitical uncertainty and shifting global trends. He says India has weathered several challenges over the past two years, including geopolitical tensions, tariff concerns and a slowing economy, but believes domestic sectors are now better positioned to outperform. Gunwani is bullish on private banks, NBFCs, insurance, real estate and consumer discretionary, citing improving domestic demand, healthy credit growth and resilient retail asset quality. While he expects large private banks to deliver steady returns, he believes alpha will come from careful stock selection in smaller financial companies and fintechs. On the global front, he believes the AI-driven rally may be showing signs of fatigue after sharp gains in semiconductor and AI-related stocks. He remains cautious on IT services, saying the long-term impact of AI is still difficult to assess and investors should avoid taking aggressive positions until there is greater clarity. Gunwani is also positive on asset management companies, highlighting their strong cash generation and long-term growth potential. Looking ahead, he expects Indian corporate earnings to improve but warns investors to closely monitor global bond yields and the trajectory of AI spending, which could shape market direction over the coming years. #ManishGunwani #BandhanAMC #StockMarket #IndianMarkets #Banks #NBFC #AI #ITStocks #Investing #MarketOutlook #Equity Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom