Mumbai, March 5 -- The IT services sector is facing challenges due to Artificial Intelligence (AI), with investors expressing concerns about job losses and the transition period. However, other sectors like real estate, autos, and domestic pharma companies showed more positive outlooks, with some showing steady growth, according to Pratik Gupta, CEO and Co- Head of Kotak Institutional Equities.

Gupta expressed his views on the Indian economy and market outlook at a press conference on Kotak Securities Outlook held today in Mumbai.

He noted that the oil and gas sector's outlook has become significantly more negative due to the Iran conflict, with concerns about rising prices and potential government intervention. He further noted that In...