Spark Private Wealth sees India gaining favour as global AI stock frenzy eases

Devang Mehta, Deputy MD & CIO-Equity NDPMS at Spark Private Wealth Management, said India could attract greater investor attention as enthusiasm around global AI-related stocks moderates. He expects earnings momentum, capital expenditure, financialisation and consumption trends to support Indian equities. Mehta prefers engineering, power equipment, wealth management, exchanges, depositories, industrial equipment and niche healthcare companies over traditional large-cap sectors, citing stronger growth opportunities.