Role of Artificial Intelligence in Forecasting Indian Stock Market: A Critical Review on Applications

Artificial intelligence (AI) has grown at an exponential rate in a variety of industries, including stock trading. AI has transformed the way traders examine data and make decisions, ultimately optimizing earnings. AI-based stock trading is the purchase and sale of stocks utilizing technology designed to behave like a human, resulting in increased accuracy and speed. It also assists wealth management firms in maintaining constant control over stock market fluctuations and rebalancing portfolios to achieve the targeted return. This research focuses on the application of artificial intelligence and its advantages in stock market prediction. This article will also look at some of the present artificial intelligence tools and software utilized by various firms for stock market predictions, as well as the implications of AI for the future of trading. Finally, adding artificial intelligence to the stock market will assist both traders and investors. It has certain disadvantages but will be advantageous in the long run.