Chirag Setalvad of HDFC AMC anticipates a return of foreign investment in Indian markets after 2025's outflows. He notes that small and mid-cap valuations have normalized due to price and time corrections, making opportunities easier to identify. Setalvad sees value in large-cap IT and Banks, and believes government measures, RBI actions, and a potential Indo-US trade deal could support the economy and earnings, though global economic factors, particularly AI's performance, remain a concern.