New Delhi, Dec. 15 -- Prashasta Seth, CEO of Prudent Investment Managers LLP, believes global markets may correct in 2026 due to the sharp uptrend in new technology and AI-related stocks. On the other hand, the Indian stock market may outperform, but a delayed India-US trade deal and weakness of the Indian rupee remain key risks. In an interview with Mint, Seth discussed the outlook for global as well as the Indian stock market for the coming year, themes that may generate alpha and the trends in HNI investment. Here are edited excerpts of the interview:

It is highly possible that there will be a major global correction in 2026, given the sharp up move in new technology and AI-related stocks this year.

Traditionally, substantial reprici...