Rahul Sharma of JM Financial Services suggests Nifty futures are range bound. A downward slide is expected, possibly reaching 25,200. Crossing 25,550 could bring fresh momentum. IT sector outlook remains cautious, awaiting TCS results. Banks and financials are expected to perform well. Jio Finance is a top pick for a short-term trading buy with a target of Rs 350.
Motilal Oswal has initiated coverage on Bharat Dynamics with a neutral rating and a target price of Rs 1,900, citing stretched valuations. While upbeat on its export momentum, order book, and earnings growth, the brokerage prefers lower entry points amid limited near-term upside.
Gold prices saw slight gains, supported by a weaker dollar and bond yields. Investors closely watched trade talks. Silver futures also opened higher. Earlier, both metals settled weaker domestically but showed mixed performance internationally. Price volatility was high. Fed's meeting minutes offered no surprises. Rate cut possibilities are there. US dollar index slipped.
The global brokerage has assigned a price target of Rs 485 for REC and Rs 508 for PFC, indicating potential gains of 23% and 21%, respectively, from their last closing prices.
Aamar Deo Singh from Angel One suggests fixed income allocation for portfolio stability. He recommends 15-20% for average investors and 70% for senior citizens. Nifty shows resilience despite global tensions. Sectors like financials, defence, and capital goods may shine. Investors should be cautious with small and midcaps. Gold has performed well and should be part of portfolios.
Kotak AMC's Harsha Upadhyaya suggests a stock-specific, bottom-up approach, favoring large-caps due to valuation. While positive on financials amid macro improvements, he highlights the long-term potential of the defense sector, particularly in aerospace and electronics. Upadhyaya anticipates modest earnings growth and a potentially range-bound market for the next few quarters.
