Markets staged a strong recovery on Thursday, led by banking stocks, as the Nifty rebounded from intraday lows. Analysts noted a positive technical setup at a crucial support zone, with potential for further upside if the rebound sustains above 25,850. Eicher Motors and Glenmark Pharma were highlighted as potential stock ideas.
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in these segments due to rich valuations and decelerating earnings, favoring large and select midcaps with a focus on banking, financials, and consumption.
Investor attention is returning to India's infrastructure sector as order flows increase. Analysts expect this trend to continue into next year. The EMS sector is experiencing a growth normalization, leading to valuation concerns. Public sector banks, however, continue to present value opportunities. Experts highlight Bank of India as a key pick, anticipating a re-rating to match private sector banks.
Meeshos blockbuster market debut continued into day two, with shares extending their strong post-listing rally. Investor excitement remains high amid bullish brokerage views and heavy IPO subscription, but analysts caution that competitive pressures and profitability challenges could bring volatility. Experts outline what investors should consider now whether to buy, take profits or hold for potential long-term gains.
Global equities rallied after the US Federal Reserve's 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank also announced a $40 billion monthly Treasury bill purchase to manage liquidity, boosting market sentiment. Investors will monitor data dependency and liquidity measures for interest rate outlooks.
Dixon Technologies shares rebounded after a three-day fall, even as the stock remains in a broader downtrend with steep declines over the past months. Despite strong quarterly earnings and increased institutional holdings, technical indicators show the stock is oversold. This mix of weak price action and improving fundamentals suggests the potential for a short-term recovery.
