It expects corporate earnings to remain strong over the long run, supported by a robust growth backdrop, with policy interest rates likely settling around 5%, down from the current 6.5%. Paul said consumption-related sectors, IT services, real estate and select industrials will benefit from the government incentives to boost onshore manufacturing.
Paras Defence, BEL, GRSE tumble up to 8% as profit booking drags defence stocks
Indian defence stocks experienced a decline on Monday due to profit booking and broader market weakness, interrupting a period of strong performance. While some stocks