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Motilal Oswal Financial Services (MOSL) has reaffirmed its confidence in Avenue Supermarts, highlighting its leadership transition and long-term growth prospects, despite challenges in certain segments.

​So, it is kind of a counterplay, but there are two major concerns and we should wait for Jan 20th to see how it unfolds. But broadly, there is a concern around what are the tariffs going to be. If the tariffs are imposed across the board or even selectively, it is inflationary.

A total of 15,164 shares changed hands on the counter till time (IST).

Unmesh Sharma from HDFC Securities provides a market outlook, emphasizing opportunities in largecaps impacted by FPI selling and the potential for outsized returns in selective midcaps and smallcaps. He also highlights a positive outlook for the BFSI sector, industrials, chemicals and IT due to valuation differentials, liquidity improvements, and capex cycles.

Reliance Industries shares have dropped 23% since July, mainly due to weak retail business and declining refining margins. However, analysts, including Goldman Sachs, believe the sell-off is overdone, with shares nearing their worst-case scenario. Other global brokerages like Jefferies, Morgan Stanley, and CLSA have issued buy ratings, with target prices reaching Rs 1,690.

Anshul Saigal predicts market volatility due to FIIs withdrawing capital but sees long-term growth for India. He expects a recovery in earnings within one to two years, especially in sectors like consumer durables, IT, and capital goods. Margin improvements and special situations may provide opportunities for positive surprises. Focus on earnings growth is crucial to navigate market volatility.

Though institutional sales remained net positive, the impact of FII sales was evident, with upswings steadfastly facing resistance throughout the week. All days this week, except for one day, saw lower lows asserting a bearish bias.

Tata Consultancy Services (TCS) chief executive and managing director K Krithivasan spoke to us about the company’s third quarter earnings, which were below expectations, technology spends, and more. Edited excerpts: