Archive · 6 Oct 2026
Naren Urges Caution on IT Stocks Amid AI Uncertainty
Sankaran Naren shared his thoughts about investing in Indian markets.
He said markets face uncertainty from high oil prices, high US interest rates and geopolitical risks.
He also pointed to expensive global shares.
Naren warned that some costly AI-related stocks could lose a lot of value.
He is more positive about banking and insurance.
He is more cautious about IT stocks and small and mid-sized companies.
He also discussed contrarian investing, asset allocation and Specialized Investment Funds.
His advice is to spread investments and choose a manageable level of risk instead of putting everything into shares.
ICICI Prudential AMC CIO Sankaran Naren shared his outlook on Indian markets.
He cited elevated oil prices, high US interest rates, geopolitical risks and stretched global equity valuations as sources of uncertainty.
Naren warned that expensive AI-linked stocks could face sharp valuation declines.
He said he remains constructive on banking and insurance but cautious on IT and small- and mid-cap valuations.
He emphasized margin of safety, diversification and moderate-risk strategies rather than investing entirely in equities.
- Who
- Sankaran Naren, CIO of ICICI Prudential AMC.
- What
- He shared his Indian-market outlook and discussed investment risks and strategies.
- Where
- Indian markets.
- Why
- He cited elevated oil prices, high US interest rates, geopolitical risks and stretched global equity valuations as sources of market uncertainty.
- Speaker
- Sankaran Naren
- Role
- CIO of ICICI Prudential AMC
- Market focus
- Indian markets
- Risks cited
- Elevated oil prices, high US interest rates, geopolitical risks and stretched global equity valuations
- AI-linked stocks
- Naren warned expensive stocks could face sharp derating
- Constructive sectors
- Banking and insurance
- Investment themes
- Margin of safety, diversification, asset allocation and moderate-risk strategies
