Shifting Sands: Market Volatility Amid AI Doubts & Geopolitical Shifts

• Markets experienced a rollercoaster ride due to STT hike, US-India trade deal euphoria, and AI valuation concerns.
• Despite volatility, global markets (MSCI All-Country World Index) show resilience, up 17.84% year-on-year.
• Current AI panic mirrors past tech doubts; a mild correction amplified by algorithmic trading and social media.
• India's market, insulated from AI boom, might gain if AI story wobbles; Nifty still lower despite US-India trade deal.
• Union Budget 2024 focuses on strategic capital expenditure to sharpen India's competitive edge and maintain sovereign autonomy.