Do SIPs in HDFC, Asian Paints and reap reward in next one year; up ante in metal/OMC space: Sanjiv Bhasin

Sanjiv Bhasin of IIFL Securities recommends UPL, NMDC, and SBI as value picks. He is positive on M&M, Indiabulls Real Estate, Dhanlaxmi Bank, and ITC. Bhasin also highlights the impressive performance of Nalco and recommends investing in BPCL. He suggests taking profits from PSUs and investing in private banks like ICICI and Axis.

Sanjiv Bhasin recommends investing in HDFC and M&M for long-term wealth creation. He suggests considering under-owned stocks like ONGC, IOC, Concor, IRCTC, and Nalco. GQG Capital's success with Adani and Vedanta stocks is noteworthy. The mortgage business and Tuticorin copper opening could drive growth. Bhasin also says Bandhan Bank should be in your portfolio and left there for the next two-three quarters. This can be a doubler, in the next one-one and a half year.

Sanjiv Bhasin says: “There is enough room for ICICI Bank now to go to new highs. Do not play it for the next few days. This is one stock which should be in your portfolio for that 20% upside which will take it to that $100 billion club. This will be, by the way, the first fourth $100 billion entry.”

Sanjiv Bhasin says: “When it comes to religious torism, the winners are going to be Indian Hotels and IRCTC. Also, add UltraTech, Ambuja and Dalmia Bharat into your portfolio on this correction. Cement will be a no-brainer right up till the elections and you will see more cause of price hike.”

Ajay Srivastava believes that there is no need to change anything in the market. He emphasizes that it is a good place to be and that there is no requirement to reinvent the wheel or find hidden gems. He advises investors to be cautious and aware of their comfort level when investing in PSUs and railway stocks. He also highlights the importance of patience in buying and states that the government's continuity in spending will provide opportunities for investors.

“ if you look at most of the largecap names like Reliance, HDFC Bank and if you look slightly longer over the last say 12 months or so, even ICICI Bank has not done anything. Given the fact that both Reliance and HDFC Banks stocks have got a considerable weightage and they have not performed, that actually makes the case that when they start performing next year, there is a good probability that the largecaps might outperform midcaps for some time.”

Sanjiv Bhasin predicts largecaps to outperform with Nifty leading. Positive on OMCs, REC, PFC. Market oversold due to Fed news and SEBI diktat. UltraTech benefits from construction season. IndusInd Bank eyes improved performance in auto sector. Bhasin further says: I expect Bank Nifty to lead the winners this time, particularly among private banks. IndusInd, ICICI, Kotak, Axis, HDFC – the whole basket is looking very strong.

Silicon Valley Bank crisis is a near term sentiment, which won't last long, say stock market experts

IT will lead this market. IT is now very close to very key technical support, which my team tells me. I think TCS and HCL Tech can be bellwethers which can lead this market higher. You cannot but make money in the coming month. Mark my words, we are going to 18000 faster than you could think about.

In a market insight, Siddhartha Khemka highlighted robust domestic liquidity and strong interest in quality IPOs. He noted pharma, FMCG, and automotive as promising sectors. Khemka also pointed out Gravita India and Signature Global for their growth potential. Additionally, he expressed optimism for new-age tech stocks like Zomato and Policybazaar.