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Sandip Sabharwal suggests that stocks like Voltas and Aditya Birla Retail are in the value zone on the consumer side and can be accumulated on dips. He believes these stocks have limited downside and expects a 25-30% return over the next one and a half years. Sabharwal also says SBI will have the lowest net interest margin (NIM) compression among PSU banks. Sabharwal mentions that the banking space may see a comeback if non-performing assets (NPAs) remain stable and do not increase.

These include electric carmaker Tesla, which in 2021 began to accept payment in bitcoin, the biggest crypto coin, before CEO Elon Musk halted it because of environmental concerns.

“When there are market corrections and a panic reaction, we always see buying support coming in because fund managers are getting money from investors. Ultimately, there is liquidity heading towards the Indian market, whether from inside India or from outside India. That is the reason we are not overreacting to the bad news.”

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

From the Sensex pack, Asian Paints, Reliance Industries, Nestle, IndusInd Bank, and HDFC Bank opened lower, while HCL Tech, Infosys, Maruti, and NTPC opened higher.

“We expect to see digital platforms in India outperform overall markets over the coming decade in a very similar way to what you saw the Nasdaq do over the overall markets in the US between 2010 to 2020. Therefore our call is not to go in and out of the sector. We see this as a very attractive buy and hold and a long-term compounding story.”

The surge in crude prices is attributed to concerns about Israel putting troops on the ground and the potential for the conflict to spread into the Arab states. This uncertainty could disrupt the oil market and push prices higher. The impact on crude prices due to geopolitical tensions cannot be measured accurately, but there is concern about potential supply chain disruptions. While there may not be immediate supply constraints, the talk of Arab states becoming involved in the conflict is causing market concern about the security of oil. This could lead to higher oil prices.

India VIX was down by 0.02% from 10.62 to 10.61 levels on Friday. Volatility cooled off in the week and paved the way for the bulls to strengthen in the market.