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Indian market is expected to consolidate, mirroring mixed global signals. Nifty futures saw slight gains, closing at 25,541, while India VIX experienced a rise. Options data suggests a trading range between 25,000 and 26,000. Experts recommend buying RIL, IOC, CESC, Sun Pharma, Apollo Tyres, Britannia Industries, ICICI Prudential and Voltas, setting specific targets and stop-loss levels for short-term traders.
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Shares of AMCs like HDFC AMC, Aditya Birla Sun Life AMC, and Nippon Life India AMC are likely to be in focus after Sebi proposed easing norms governing mutual fund operations. The regulator plans to relax the broad-basing requirement, allowing AMCs to manage non-broad-based pooled funds without a PMS licence, subject to strict regulatory oversight.
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Brokerages remain bullish on select Nifty large-cap stocks across sectors, with several companies receiving over 30 buy calls from analysts, according to Trendlyne data. These include blue-chip names such as HDFC Bank, SBI, Reliance Industries, M&M, and Axis Bank, with analysts projecting up to 20% upside from current levels.
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