Indian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like auto and FMCG. The Nifty and Sensex both experienced gains, fueled by positive domestic investor activity and a slight decrease in market volatility. Consumption-based stocks led the rally, with Maruti Suzuki emerging as a top gainer.
HDFC Bank, Bharti Airtel among 10 largecap stocks with up to 35% upside potential. Check list
Brokerages remain optimistic on select largecap stocks despite rising geopolitical risks and inflation concerns. Stocks across banking, telecom, auto and infrastructure sectors offer upside potential