With exit polls predicting the landslide victory for Prime Minister Narendra Modi-led NDA alliance, brokerage firm Motilal Oswal has identified 8 stocks that can benefit from the government’s focus on manufacturing, capex, and infrastructure creation. These ideas are for 3-6 months and with potential upside of up to 20%.
Nifty reclaims 200 WMA; eyes further gains as key resistance shapes next move
Indian equity markets rebounded 2.78%, with the Nifty reclaiming its crucial 200-week moving average. However, weak momentum indicators and overhead resistance warrant caution. Banking, metal,