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The defense sector has experienced a notable rebound in the last month, rising by 14%, and is expected to emerge as the top-performing sector by the end of the financial year.

Foreign institutional investors (FIIs) continue selling Indian equities due to US policy shifts, global interest rates, and emerging market underperformance. Nilesh Shah attributes this to US tax cuts and protectionism, while Karthik Kumar links it to global yields and currency trends. FIIs may return when global conditions stabilize.

Gautam Shah of Goldilocks Premium Research highlights opportunities in financial, metal, power, and infra sectors, recommending top companies like HDFC, ICICI, SBI, and NBFCs. He remains optimistic about the Indian market s structural story despite short-term corrections, emphasizing that sectors like real estate and power hold promising potential for the upcoming months.

The US stock market faces rising risks as overvaluation, slowing earnings, inflation, and trade tensions create uncertainty. The Magnificent Seven’s fading influence, tariff escalations, labor market strains, and recession fears add to volatility. Whether this results in a correction or downturn depends on corporate earnings resilience and policy responses.

Market expert Dipan Mehta sees steady market improvement unless new risks emerge. He favors NBFCs, cement, retail, and engineering construction. M&M is preferred over Tata Motors, while Jio Financials and large-cap IT stocks face caution. PSU banks, new-age tech, and OMCs remain promising, while pharma risks loom due to Trump’s tariffs.

We need to be very selective when it comes to software companies and focus only on the companies which have demonstrated that they can grow at the mid-teens and not at that typical 8-10% type of growth rate because companies growing at 8-10% top line will never give superior returns over the longer period.

The Nifty Auto index was trading 0.61 per cent up at 21364.75.

GR Infraprojects shares jumped over 12% to Rs 1,054 after securing a Rs 4,262.78 crore highway project from NHAI. The project includes the construction of the Agra-Gwalior Greenfield Road, spanning Uttar Pradesh, Rajasthan, and Madhya Pradesh. Scheduled for completion in 910 days, the project will follow the DBFOT (Toll) model under the NH(O) scheme.

Steel Authority of India (SAIL) and NMDC Steel shares saw up to an 8.3% surge on the BSE after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on specific steel imports. This temporary measure aims to support domestic producers against unfair trade practices.