Experts recommend buying stocks like IRCTC, Kotak Mahindra Bank, YES Bank, KRBL, ICICI Bank, Mahindra and Mahindra Financial Services, Wipro, Tata Steel, and RBL Bank for healthy returns in the short term.
Experts believe the shirt to medium-term outlook of the market is positive but the market is at a premium valuation which can trigger some consolidation in the near term.
So far in November, the two indices have gained over 8 percent against a 5 percent rise in the benchmark Sensex. Analysts, however, caution that the upside may be limited from here on amid stretched valuations