Hartmut Issel, CIO WM at UBS Wealth Management, favors large-cap equities, particularly in consumer and financial sectors, due to their attractive valuations and growth potential. He sees opportunity in India’s market, citing unsustainable earnings growth in FY24 and a technical upside in sectors like consumer and financials. He advises caution in the two-wheeler space due to peaking momentum.
Tech view: Nifty’s positive sentiment on verge of negation, crucial support at 23,500. How to trade on Monday
Nifty closed below key support at 23,500, signaling further downside risk. Analysts highlight bearish momentum, with potential declines toward 23,260 or lower. Immediate resistance lies
January 10, 2025