The S&P BSE Sensex plunged more than 400 points while Nifty50 broke below 17600 in the first 15-minutes of trade. The rupee hit a record low against the Dollar at Rs 80.40 per USD compared to Rs 79.98 per USD recorded in Wednesday’s session.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility