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Indian shares fell on Monday, following losses in Asian markets, as investor sentiment was subdued after Iran\’s retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. The NSE Nifty 50 fell 1.1% to 22,272, while the S&P BSE Sensex lost 1.14% to 73,399, at close.
Sahil Kapoor from DSP Mutual Fund discusses market recalibration due to slowing top-line growth, peak profit margins, and the need to reassess high earnings multiples in small and midcap stocks over the next 12 to 24 months. Kapoor says: \”The market is building up a very large earnings growth trajectory over the next one or two years or three years and some of those numbers appear to be a little shaky. \”
Geopolitical tensions, India-Mauritius tax treaty, key companies\’ results, and global events shape market movements. Analyst insights on strategies for TCS, Infosys, and REC offer valuable guidance for investors in navigating the complex market landscape. Deo Singh says: \”Investors are advised to stay cautious in the week ahead, given the plethora of domestic and global triggers.\”
Sabharwal advises caution in volatile markets, suggesting opportunities in capex stocks like NCC and Ahluwalia Contracts. He highlights the importance of minimal debt and strategic stock selection for long-term investment success. In IT, downside is limited, but valuations are not cheap and that is why the upside also is restricted. So, it is a no-go sector in Sabharwal\’s view.
Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous three sessions, indicating weakness. The index is in the process of retracing the rise it has witnessed from 22,710 – 22,776.
Nifty 50 is in the process of retracing the rise it has witnessed from 22,710 to 22,776. The next crucial support level is 22,370. On the upside, 22,620–22,650 shall act as an immediate hurdle from a short-term perspective, said Jatin Gedia of Sharekhan.