Indian stock markets are near record highs. Analysts suggest buying on dips, expecting support around 25,600 to 25,800. The market is outperforming global peers. Banking, auto, and IT sectors are favored. Union Bank and Adani Port are highlighted as potential stock picks. Investors are advised to use volatility for portfolio building.
Attractive valuations in the IT sector are drawing investor attention despite patchy short-term fundamentals, with outsourcing opportunities remaining intact. Consumer durables and retail stocks show continued potential driven by urbanization and a growing middle class. Private banks are also appealing due to attractive valuations and stable asset quality, with earnings expected to recover.
India's new labor code, effective November 21, imposes a new cost burden on food delivery giants Swiggy and Eternal, potentially impacting margins by up to 70 basis points. The regulation mandates contributions to a social security fund for gig workers, leading to an estimated financial hit for both companies and potential stock volatility as investors assess the impact.
Indias solar sector has been a stock market powerhouse, with panel makers, developers and EPC players delivering massive returns amid a clean energy push and rapid manufacturing expansion. KPI Green, Borosil Renewables, Tata Power and Adani Green have surged sharply, while standout performer Waaree Renewable Technologies delivered over 60,000% returns. Websol Energy and Solar Industries India also posted multibagger gains.
NBCCs shares gained after the company secured multiple new project orders across Tamil Nadu, Agra, and Jharkhand. Strong yearly gains, premium valuations, and bullish technical indicators support sentiment. Order inflows, stable momentum, and sustained sector demand continue to reinforce investor confidence in the companys growth outlook.
Growws parent, Billionbrains Garage Ventures, rebounded after a sharp fall, supported by strong profitability, high margins and rapid scalability. Despite steep valuations and potential regulatory risks, demand remains firm due to digital dominance and efficient operations. Investor enthusiasm follows heavy FOMO-driven post-listing gains and strong institutional interest during the IPO.
Axis Securities remains constructive on real estate, backed by rising pre-sales, stronger balance sheets and premium housing momentum. Its top picks include Prestige Estates Projects and Signature Global, both beneficiaries of sustained demand recovery and aggressive expansion plans.
BSE shares have jumped 15% in the past month and now sit just 6% below their record high of Rs 3,030. The stock has rebounded nearly 50% from its late-September low as concerns over possible F&O curbs eased. After sliding sharply due to regulatory uncertainty, the exchange has staged a strong comeback, drawing renewed investor attention.
