Market in consolidation phase, break above 24,600 crucial for trend shift: Gautam Shah

Shah, a prominent market analyst, maintains a bullish outlook on the energy sector, predicting significant upside for power and energy stocks. He expresses caution about the auto and FMCG sectors, anticipating underperformance. Shah advises investors to focus on selective stock picking within the energy sector and avoid broad diversification due to current market conditions. He also highlights concerns regarding crude oil prices, rupee weakness, and global AI-driven disruption as potential risks for India's economy.