IT down 15% in February; India still on track for FY26 earnings growth, says Samir Arora

India’s equity market remains on steady footing despite sharp sectoral churn, with fund manager Samir Arora, Founder of Helios Capital, expecting the broader indices to hold firm through the year even as IT stocks undergo a “clear disruption phase.” Speaking to ET NOW, Arora said, “India will do well. Even when there is selling in IT, the aggregate numbers for FIIs are not negative, and the index itself is not falling.” Arora, noted that global flows have temporarily shifted toward Korea and Taiwan, where chip-related earnings upgrades have been aggressive. “These Asian markets… have gone up too much, too fast on the back of very aggressive new earnings estimates for Samsung, Hynix and all these memory chip companies,” he said, adding that much of this surge is “commodity-related, more than AI-related.”