Kotak Securities has come out with a list of eight stocks this Diwali for Samvat 2080 based on its assessment of markets and outlook. It finds decent value in a few large-cap stocks and BFSI sector only in light of rich valuations of most stocks in the consumption, investment and outsourcing sectors. As the broader market valuations are rich, opportunities arising from market correction can be used to add quality stocks from a long-term investment perspective, a Kotak research report said.
Dalal Street Week Ahead: Nifty enters consolidation phase; breakout above 26,100 key for next market move
The Nifty ended the week mildly lower, extending its sideways consolidation within the 25,700–26,100 band amid falling volatility. With no clear breakout and the India