Indian equity markets are in a wait-and-watch mode, awaiting clarity on tariffs and the Union Budget's capital expenditure focus. CIO-Equities Chakri Lokapriya highlights selective opportunities in sectors like IT, metals, and banking, while advising caution on insurance and quick commerce due to persistent competitive pressures and margin concerns.
Puravankara shares jumped more than 12% after the real estate developer reported strong double-digit growth in Q3 sales value and collections, aided by higher realisations, steady deliveries and fresh land additions across key markets. The rally snapped a five-day losing streak for the stock, though it remains sharply lower over the past year.
Gold financiers have seen strong gains but investors should manage risk. IT sector earnings may offer short-term surprises, but sustained growth is uncertain. Larsen & Toubro presents a long-term buying opportunity on dips. Footwear stocks are not recommended at this time. Market sentiment remains cautious with a focus on valuations.
Investors see chances for long-term gains as market corrections meet better earnings. Aniruddha Naha from PGIM India Asset Management suggests building portfolios over the next six months. Sectors like autos, commodities, and PSU banks show promise. Discretionary consumption may rise with pay commission revisions. Quick commerce valuations face a reality check.
NSE Holidays 2026: Indian stock markets will be closed on January 15 due to municipal elections in Maharashtra, a change from the initial settlement holiday classification. This revision means trading will not occur across all segments on that day. The exchanges have also adjusted the expiry date for certain equity derivative contracts.
India's fixed-income markets face prolonged policy rate pauses and range-bound but volatile bond yields. Supply pressures and liquidity tightness are expected to persist, influencing market dynamics more than near-term policy actions. Investors are advised to favor selective duration strategies and defined investment horizons.
