SBI among top 10 stock picks from Axis Securities with upside potential of up to 42%

The long-awaited 50 bps rate cut by the Federal Reserve has finally happened, with the Fed hinting at further reductions in 2024, 2025, and 2026. This news has sparked a positive reaction across the markets.Following this, analysts expect increased FPI inflows, leading to a recent rise in largecap investments. This trend may strengthen, with largecaps likely to outperform other segments. The constructive view on the market remains intact with a likely sector rotation.With these, below are the top 10 picks from Axis Securities with upside potential of up to 42%:

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