Indian market may consolidate. Nifty50 broke support at 22050 zone. India VIX reached swing high. Rajesh Palviya recommends buying Havells India, KIMS, ICICI Lombard. Nooresh Merani suggests buying Dr Reddy’s, selling Bajaj Finance, buying V-Guard. Kunal Bothra advises buying HDFC Life, TCS, Samvardhana Motherson.
Earnings downgrade cycle largely over, no major cuts expected from Q3 onwards: Pawan Parakh
I strongly believe that earnings misses have largely bottomed out in Q2. If we look at corporate India’s performance, two sectors have disappointed slightly. First