Deven Choksey sees buying opportunities in corrected stocks like Reliance and NBFCs. He advises caution with defense stocks, citing high valuations. Choksey suggests waiting for lower prices before investing in defense companies. He notes the potential of Jio Financial Services but awaits concrete business activity. Choksey expresses concern about elevated valuations in the quick commerce sector, recommending a cautious approach.
FIIs sold about Rs 11,000 crore worth Indian stocks in 2 days of US-Iran war
Foreign investors sold nearly Rs 11,000 crore in two March sessions amid escalating West Asia tensions, surging crude prices and currency volatility. DIIs offered support,