Can AI pick winning stocks on Dalal Street? Check out these tools
1 week ago

Can AI pick winning stocks on Dalal Street? Check out these tools

India Today  

Artificial intelligence has changed the way we perform everyday tasks in our daily lives. Jaspreet Bindra, CEO- AI&Beyond, told Indiatoday.in that AI has certainly made strides in stock market trend prediction, leveraging vast datasets, real-time analysis, and complex algorithms to detect patterns that might elude human investors. "For Indian investors, AI provides several key advantages: it validates trading strategies, analyses company earnings calls instantly, monitors market sentiment across multiple sources, and customises recommendations based on individual risk tolerance," said Kunal Nandwani, CEO & Founder of uTrade Solutions. "Unlike human investors who rely on intuition and experience, AI works within the boundaries of historical data, which means it may falter in unprecedented scenarios, such as black swan events," said Bindra. "Overreliance on historical data can leave AI systems vulnerable during unprecedented market events, as algorithms struggle with situations absent from their training data," said Nandwani.

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