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.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500