Institutional Strategist Defends Indian IT Amid AI

Unmesh Sharma, head of institutional equities at HDFC Securities, says recent agentic AI advancements prompted a selloff in Indian IT stocks but the reaction is disproportionate. Speaking recently after Anthropic announcements and market volatility, Sharma argues Indian firms will capture implementation revenue as enterprises deploy AI, recommends using corrections to rebalance holdings, and warns volatility will remain elevated.