Stocks to Watch as JP Morgan expects Nifty 50 to reach 26,500 this year
Even after the recent market correction of 12.72 percent from its 52-week high of 26,277, JP Morgan expects that the Nifty might recover 15.56 percent from its current level of 22,930 and reach the level of 26,500 by December 2025. 5 Sectoral Picks from JP Morgan Other than being overweight on the Index, they are […] The post Stocks to Watch as JP Morgan expects Nifty 50 to reach 26,500 this year appeared first on Trade Brains.
Even after the recent market correction of 12.72 percent from its 52-week high of 26,277, JP Morgan expects that the Nifty might recover 15.56 percent from its current level of 22,930 and reach the level of 26,500 by December 2025.
5 Sectoral Picks from JP Morgan
Other than being overweight on the Index, they are also overweight in these five sectors that are: financials, consumer staples, consumer discretionary, healthcare, and real estate.
Top Stock Picks from JP Morgan
Financial Sector Picks: Kotak Bank, ICICI Bank, Bajaj Finance, HDFC AMC, Kfin Technologies, LIC Housing Finance, Shriram Finance, SBI Life Insurance, HDFC Life, and ICICI Lombard General.
Consumer Staples and Consumer Discretionary Sector Picks: Devyani International, Sapphire Foods, Westlife Development, Varun Beverages, Zomato, M&M, and TVS Motor,
Healthcare Sector Picks: Mankind Pharma, Max Healthcare, Rainbow Children’s Medicare, and Fortis Healthcare.
Real Estate Sector Picks: DLF, Godrej Properties, and Oberoi Realty
Reasons for Market Decline
The Indian stock markets have been under pressure due to continuous selling by Foreign Institutional Investors (FIIs). One of the key reasons is the strengthening of the US dollar, which makes emerging markets less attractive. Additionally, concerns over a slowdown in corporate earnings growth, global economic uncertainties, and high valuations of Indian stocks compared to other emerging markets have further contributed to the market decline.
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Stocks to Watch as JP Morgan expects Nifty 50 to reach 26,500 this year appeared first on Trade Brains.
What's Your Reaction?
