Range-bound markets healthy, earnings recovery key to upside: Sanjay H Parekh

Indian stock markets are undergoing a healthy consolidation phase. This period is expected to create reasonable valuations for the next 12 to 15 months. Earnings are projected to accelerate in the coming years. Largecap stocks are anchoring portfolios amid market volatility. Domestic-facing sectors are favored, while IT services are viewed with caution due to AI disruption.