Indian benchmark indices saw a significant drop of over 1% on Friday due to weak global signals and regulatory challenges. Analyst Sahaj Agrawal from Kotak Securities discussed the market outlook, highlighting critical resistance levels for Nifty and Bank Nifty. He suggested focusing on specific sectors like Pharma, FMCG, and consumer durables for medium-term gains
Earnings growth to drive stock selection, limited market upside in near-term: Aniruddha Naha
The last two quarters have been pretty suboptimal in the sense the earnings were below 10%, I think so this quarter will be no different