In a recent interview with ET Now, Devina Mehra (Founder and CMD of First Global) expressed a steady outlook on equity markets, stating they are likely in a broader bottoming zone. She emphasized the importance of maintaining equity allocations, suggesting that investors should not attempt to time the market aggressively. Mehra noted that while she does not provide index forecasts, she believes that 2026 will likely outperform 2025. She highlighted the power sector's improving visibility, driven by increased spending on data centers, and maintained a diversified portfolio across sectors like banking, FMCG, and chemicals. Despite concerns about earnings growth due to geopolitical conflicts, she remains broadly constructive and believes that current valuations are not overly stretched. Mehra also addressed the IT sector, arguing that it is adapting to changes and emphasizing the continued need for human involvement in enterprise systems. Overall, she suggests that while challenges exist, the market outlook is cautiously optimistic.