“Alok Agarwal believes the bulk of the price and time correction in the Indian equity market is over, following a 1.5-year consolidation. He attributes this to compressed valuations, strong fiscal and monetary policy support, and improving earnings breadth, expecting markets to perform better in the coming quarters. He identifies Precious and Non-Ferrous Metals, Capital Market Plays, PSU Banks, and Regional Private Banks as potential leaders, with metals being structural beneficiaries of de-dollarisation and the AI infrastructure boom, driving a multi-year capex and electrification cycle.”