Rising bulls, crawling bears: How tech, AI stocks rescued the inflation-ravaged equity markets

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Synopsis
Fund managers feel the worst is over as far as world events are concerned. The world market is on a growth path with technology and AI stocks being the saviours. For India, there would be some stretched valuation in index stocks, but for long-term investors that’s not an issue. They must keep investing or take the SIP path.

In December 2022, Alyssa, a 13-year-old girl suffering from cancer, was completely cured in the first use of a revolutionary medicine called base editing. Doctors at the Great Ormond Street Hospital in London used this bio-engineering technology and were able to save Alyssa successfully. Six months on, the cancer is still undetectable. Ideally, this news should have set all the New Age pharma stocks raging into new highs even if these companies