Stay updated with breaking news from Value Buying. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The domestic entities are preferred despite premium valuations and uncertain prospects because, according to one analyst, investor believe they can be market leaders locally.
Nitin Raheja discusses challenges faced by OMCs, the pressure on HDFC Bank, re-rating of defence stocks, performance of upstream oil companies, and the positive outlook for the pharma sector. Coming to HDFC Bank, he says we are getting to that stage where there is clearly value sitting there. It is only a question of when you start seeing the flow ease off and I think that will happen sooner than later.
India Business News: Read about the sensex rebounding by 496 points and Nifty closing above the 21,600 level on Friday due to value buying in heavyweight stocks and a firm trend in global markets.
The Indian stock market continued its decline for the third consecutive session on Thursday, influenced by weak global cues. In a recent note, Kotak Institutional Equities noted that the market’s extreme focus on incremental developments versus fundamentals will add to challenges for the investors.
Benchmark indices rebounded, driven by a short squeeze and value buying, reclaiming key psychological levels amid thin cash trading