New Delhi, Feb. 16 -- The markets have got a boost from the interim trade deal inked recently with the US, and so long as the terms of the final deal don't deviate significantly from those of the former, investor interest, including that of foreign portfolio investors (FPIs), will shift to earnings growth, believes Sanjay Chawla, chief investment officer (CIO), Baroda BNP Paribas Mutual Fund. Broader market earnings, represented by the Nifty 500, have been better than expected with a double-digit growth after several quarters of single-digit increases.

On the AI disruption to the IT sector, Chawla believes that the last mile, comprising governance, data plumbing, workflows, etc., is where Indian IT has always created value, but it remain...