Harish highlighted a potential change in market leadership. Sectors that underperformed over the past three to five years could emerge as the leaders in the years to come. These include private sector banks, cement, metals, oil & gas, FMCG, insurance, alcohol & beverages (alcobev), textiles, and chemicals. The idea is that during major market dislocations, older sectoral leaders often give way to new ones. These underperforming sectors are now being viewed as fertile ground for long-term investment opportunities.