Indices consolidate after 2-day fall; midcaps, smallcaps outperform

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Macquarie India Strategy

Global brokerage house Macquarie said European investors are still appear to be cautious on India. Elections & a rebound in economic growth will be key drivers for flows into India, it added.

The Sensex in last two sessions fell around 500 points after rallying more than 3,000 points since February 19 on the back of more than Rs 43,000 crore worth of shares buying by FIIs.

"We continued to recommend our stance on moving from defensives to cyclicals and to recommend our stance on moving from large caps to midcaps," the investment firm said.

Real estate & its derivate sectors will be outperformers in 2019, it believes.

Top large cap picks are IndusInd Bank, Yes Bank, ITC, ONGC and L&T while top midcap picks are Phoenix Mills, L&T Infotech, Minda Industries, Jubilant Foodworks, Ujjivan Financial, Apollo Hospitals, NCC, Crompton Consumer, ACC and Berger Paints.

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Macquarie India Strategy

 

Global brokerage house Macquarie said European investors are still appear to be cautious on India. Elections & a rebound in economic growth will be key drivers for flows into India, it added.

 

The Sensex in last two sessions fell around 500 points after rallying more than 3,000 points since February 19 on the back of more than Rs 43,000 crore worth of shares buying by FIIs.

 

“We continued to recommend our stance on moving from defensives to cyclicals and to recommend our stance on moving from large caps to midcaps,” the investment firm said.

 

Real estate & its derivate sectors will be outperformers in 2019, it believes.

 

Top large cap picks are IndusInd Bank, Yes Bank, ITC, ONGC and L&T while top midcap picks are Phoenix Mills, L&T Infotech, Minda Industries, Jubilant Foodworks, Ujjivan Financial, Apollo Hospitals, NCC, Crompton Consumer, ACC and Berger Paints.

 

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.