Indian equity markets are expected to target Nifty 24,500-24,800 by July, with ICICI Direct's Dharmesh Shah advising a "buy the dip" strategy. Favorable macro factors like easing crude oil prices, lower bond yields, and receding FII selling support the bullish outlook, while banking stocks show technical strength.
Indian equity markets are expected to rise, with Nifty targeting 24,500-24,800 by July. Analyst Dharmesh Shah recommends "buy the dip" strategy as key support at 23,800 holds, bolstered by easing crude oil prices, bond yields, and receding FII selling. Banking stocks show technical strength.
Dharmesh Shah of ICICI Direct forecasts Indian equity markets to rise, with Nifty targeting 24,500 and Bank Nifty aiming for 59,300. Falling crude oil prices and rupee stability are key drivers. Top stock picks include Mahindra & Mahindra and Larsen & Toubro.
Indian equity markets are in a rangebound phase, seen as an opportunity by investors like Varun Goel of Mirae Asset. Despite geopolitical risks, India's macro fundamentals are strong. Sectors like green energy, EVs, and consumer durables show growth potential. Investors are advised to focus on quality businesses with visible earnings growth.
Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.
Indian equity markets experienced a significant downturn, with the top ten most-valued firms losing over Rs 2 lakh crore. Tata Consultancy Services and Reliance Industries bore the brunt of this decline, influenced by geopolitical tensions and weak IT sector commentary. The broader market also saw substantial drops in benchmark indices.
