Niraj Kumar, Chief Investment Officer at Generali Central Life Insurance, shared insights on the Indian equity market, emphasizing that financials and IT services have become attractive due to compelling valuations. He noted that after a challenging FY26, where the Nifty index fell approximately 5% due to geopolitical tensions, there are signs of recovery on the horizon. Kumar highlighted microfinance as a turnaround opportunity, with improving credit cycles following a period of borrower stress. He believes that a ceasefire or diplomatic resolution in West Asia could serve as a catalyst for market recovery. Kumar advocates for a diversified investment approach, focusing on sectors like financials, IT services, and domestic cyclicals such as power and capital goods. He also discussed the role of gold as a hedge against inflation, while suggesting that silver may not be a preferred long-term investment. Overall, he remains optimistic about the Indian market's structural growth potential, despite recent challenges.