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Tata Motors | Buy | Target Price: Rs 445 | Stop Loss: Rs 425 | A long position can be initiated in the range of Rs 427-430 for the target of Rs 445 with a strict stop loss of Rs 425.

"Indian retail investors have emerged as a very powerful and resilient market participant in the last few years and specially post Covid 2019. The undeterred SIP monthly figures have come has a big saviour for Indian equity markets by absorbing massive FII outflows in the recent times, thereby making FII flows an irrelevant data point which otherwise played a very important role for Indian markets."

The global cryptocurrency market cap was trading lower around $816 billion, dropping as much as 3% in the last 24 hours. However, the total trading volume zoomed more than 30% to $44.21 billion.

Foreign portfolio investors have rediscovered their liking for Indian equities, making a net investment of Rs 31,630 crore in November in hopes of an end to the aggressive rate hikes and positivity about overall macroeconomic trends.

Domestic equity markets are hovering near lifetime highs but despite the stellar rally, there is no dearth of money-making ideas in the near term.

Many of the privately-run companies have been rightly priced (if not overpriced), and from a long-term perspective, while you want to keep your “core” portfolio around better-run private companies, the "satellite” part can still be favoured towards PSU stocks, Ahmed added.

The stock with a market capitalisation of more than Rs 32,000 crore hit a 52-week high of Rs 139 on 11 January 2022, but it failed to hold on to the momentum. The stock recouped most of the lost glory and is on the verge to hit fresh 52-week highs. The recent price action suggests that the upside remains intact.

“There is an anticipation of a significant slowdown in global economic growth next year and if that plays out, it is normally not so great for equities. Markets will become very selective and we need to buy the gainers of the commodity falls, avoid commodity sectors and avoid a lot of globally linked sectors also.”

The Nifty Realty index was trading 0.18 per cent up at 445.7.

The brokerage firm remains selective amid the volatile global economic environment. Global demand recovery and China opening are key, whereas domestic demand is steady. It prefers Hindalco, Tata Steel, JSW Steel and JSPL.