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et_marketsabout 4 hours ago
NEUTRAL(90%)
hold

Buy in staggered manner amid global uncertainty: Go domestic, bet on IT and realty, says Unmesh Sharma

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+42.7
Market Impact Score
-100 Bearish+100 Bullish

AI Analysis

The Indian market is experiencing volatility due to global uncertainties, particularly related to energy and geopolitical tensions, leading to recent corrections and attractive valuations.

Trading Insight

Look for accumulation opportunities in domestic-oriented sectors like IT and Real Estate on dips, while maintaining strict stop-losses for positions in companies exposed to global risks.
Quick check: NIFTY neutral, BANKNIFTY neutral.

Key Evidence

  • •Indian equity markets present a cautious yet opportunistic scenario with valuations below long-term average.
  • •Unmesh Sharma of HDFC Securities suggests staggered buying and a domestic focus.
  • •IT and real estate are highlighted as contrarian bets.
  • •Caution is advised on companies with significant Middle East exposure due to global energy disruptions.
  • •Risk flag: Ongoing global energy disruptions

Affected Stocks

Indian IT Companies
Positive

Recommended as a contrarian bet due to domestic focus.

Indian Real Estate Companies
Positive

Recommended as a contrarian bet due to domestic focus.

Companies with Middle East Exposure
Negative

Caution advised due to global energy disruptions and Middle East tensions.

People in this Story

U
Unmesh Sharma

mentioned in article

Analyst from HDFC Securities providing investment recommendations.

Sectors:Information TechnologyReal EstateBroad Market

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