“Pankaj Murarka is bullish on high-quality Indian stocks for the long term, viewing the recent correction as a significant buying opportunity. He notes the Nifty is now at its long-term average valuation (21x one-year forward earnings), with India's secular growth story justifying its premium, and the oil shock largely priced in at $80-85/barrel. Despite acknowledging near-term pain from single-digit earnings growth and margin compression for crude-dependent companies in the next two quarters, he is accumulating domestic economy plays like Consumption, Autos, and Financials, expecting a sharp recovery post-fiscal stimulus. He also makes a contrarian bullish call on IT stocks, believing the AI-driven selloff was overdone, with many now offering attractive dividend yields.”