The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts suggest a broader trading range between 23,000 to 24,000 zones. Various analysts have provided stock recommendations for short-term traders, including ONGC, Jindal Steel, DLF, Hero MotoCorp, and IEX with specific targets and stop losses.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable