The Nifty 50 is above 25,500 and BSE Sensex is up 0.5%. Hindalco, BEL, NTPC and HUL are the top gainers.
Equirus said it preferred Infosys Ltd, Tata Consultancy Services (TCS), HCL Technologies Ltd and Tech Mahindra Ltd among large caps.
Investors must tread carefully amid the software-semiconductor divide, balancing caution and opportunity in an evolving AI landscape.
Infosys, however, remained a top pick. The brokerage retained its ‘Buy’ rating but lowered the target price to Rs 1,660 (from Rs 1,930).
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The firm says there are ample opportunities to buy beaten-down, AI-resistant stocks at attractive valuations.