<div id="readability-page-1"><div>Despite a cautious start to the week in global equities, market strategist Matt Orton remains optimistic about the market outlook, particularly for India, which he believes has the potential to outperform the broader emerging market complex. In an interview with CNBC TV18, Matt Orton, Chief Market Strategist at Raymond James Investment Management, shared his investment strategy heading into the new year, highlighting key sectors and stocks on his radar.While Orton is not looking to add entirely new names to his portfolio at present, he is focused on tweaking and adjusting weights among his current holdings. He expressed continued confidence in his 'winners' from this year, such as Mahindra &amp; Mahindra, HDFC Bank, and Adani Ports, and believes they are well-structured to continue performing well into the next year.Furthermore, Orton is considering increasing his allocation to Swiggy. He noted, &#34;I think their capital structure and their access to capital is going to help them compete and be a number two player in quick commerce. That's a name I'm thinking about adding some weight to if we can get a nice strong momentum behind it.&#34;One of the key themes for Orton's 2026 outlook is 'playing offense with defense'. He believes that regardless of the resolution of current geopolitical conflicts, the need for increased investment in defense is a durable, long-term growth theme. &#34;The amount of investment that's going to be need to made into smart missiles, smart defense going forward, I think that's a huge opportunity for investors going forward and that's an area I still want to make sure that my portfolios are well positioned for leading into 2026,&#34; he stated.Orton also contrasted his views on two prominent stocks: InterGlobe Aviation (Indigo) and Tata Consultancy Services (TCS). On InterGlobe Aviation, which has seen a significant pullback, he advised caution against buying the dip. While acknowledging it is a 'lean operation', he pointed to regulatory uncertainty as a major risk. &#34;I wouldn't be a dip buyer right now until we know how regulation might shake out. If there are any sort of regulatory changes… I think that could be challenging for the margin picture of the company going forward,&#34; Orton explained. He prefers to wait for more clarity before considering it a viable dip-buying opportunity.Conversely, Orton is beginning to see 'green shoots' in the IT services space, a sector he has not favoured for most of 2025. He identified TCS as an interesting name to watch for 2026. &#34;I think there's reasons to believe that you could see margin improvement, both through M&amp;A activity and through their focus on implementation with new technologies. So that's one to keep on your radar if you are looking for a discounted name in 2026,&#34; he concluded.</div></div>

Matt Orton, Chief Market Strategist at Raymond James, is optimistic about India's market potential and plans to adjust his portfolio weights. He favors Mahindra & Mahindra, HDFC Bank, and Adani Ports, and considers increasing allocation to Swiggy. Orton sees defense investment as a long-term growth theme. He advises caution on InterGlobe Aviation due to regulatory risks but sees potential in TCS for margin improvement through M&A and new technologies.

Matt Orton sees India outperformance, backs defence theme; weighs Swiggy, cautious on IndiGo, flags TCS