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Markets have seen a significant recovery, driven by a reduction in interest rates and expected earnings growth. Domestic-focused companies, particularly in financial and engineering sectors, are prime investment options amidst global tariff uncertainties. Real estate may face tough times, but certain large-cap and mid-cap stocks show promise.
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Investors in pharma and auto stocks are anxious ahead of the April 2 deadline for US tariffs. Despite a 6% fall over three sessions, experts believe the panic is unfounded, maintaining confidence in the sectors' long-term outlook. Trump's recent 25% tariffs on auto exports to the US, along with additional duties, have further affected market sentiment.
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The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts suggest a broader trading range between 23,000 to 24,000 zones. Various analysts have provided stock recommendations for short-term traders, including ONGC, Jindal Steel, DLF, Hero MotoCorp, and IEX with specific targets and stop losses.
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