IndusInd Bank, Emami among top 5 picks by Sanjiv Bhasin of IIFL Securities
Considering rich valuations in general, we favour a defensive stance and domestic growth stories, with our top picks coming from banks, FMCG, auto, and insurance, said IIFL Securities
Looking back at the year 2022, it is safe to say despite extreme volatility Indian markets have fared well with benchmarks Sensex and Nifty 50 recording substantial upside compared to global counterparts. For 2023, the domestic brokerage firm IIFL Securities report expect inflation to gradually come off in 2023 and long yields to stay at current levels, based on comfortable fiscal position.
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