Largecaps seen as safe harbour amid market volatility: Sanjay Mookim

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Prime Minister Modi’s calls for energy conservation highlight India’s external vulnerability and fiscal strain due to elevated oil prices. JPMorgan’s Sanjay Mookim notes this disruption’s prolonged nature, impacting corporate earnings and potentially dampening consumption and capex momentum, shifting market focus to defensives.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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