AI infrastructure and data centre plays could be the next big theme: Atul Suri

Market strategist Atul Suri believes Indian markets are attempting to build a base around 24,000 after rebounding from about 22,000 levels, and a breakout above 24,500 on the Nifty could pave the way for a move towards 26,500. He identifies banking stocks as clear market leaders with the Bank Nifty nearing its previous highs, while the IT sector appears to be stabilising after an extended correction. Suri flags data centre infrastructure plays, including wires and cables, cooling systems and electronic manufacturing, as the next big wealth-creating theme, noting these opportunities are largely concentrated in midcap stocks which continue to outperform benchmarks.