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Deven Choksey discusses market opportunities during corrections, stock-specific triggers for recovery like in Kotak Bank and Bajaj Finance. Real estate and consumer durables sectors show growth potential, with Reliance Retail's entry expected to disrupt the market.
Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.
Sensex Today | Stock Market LIVE Updates: Domestic benchmark indices rebounded sharply on Friday, snapping the four-day losing streak on heavy value buying in banking and auto shares. BSE Sensex climbed 599 points or 0.83% to settle at 73,088.33. The NSE Nifty jumped 151.15 points or 0.69% to close at 22,147. The broader index dropped to a low of 21,777.65 in early trade before paring its losses to end in the green.Gainers and LosersBajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. Nestle India,...
Deven Choksey emphasizes individual stock investments over market view, focusing on sectors like IT, specialty chemicals, and pharma. He remains cautious on market exuberance and suggests strategic investments during corrections for long-term gains. Choksey says: "The market is scaling up too quickly and too early, maybe that is where one is not fully comfortable."
The rejig exercise will also see significant inflows in six other stocks viz. NTPC ($66 million), Power Finance Corporation (PFC, $45 million), REC ($43 million), Mahindra & Mahindra (M&M, $42 million) Bharti Airtel ($26 million) and Indian Railway Finance Corporation (IRFC $23 million).