Varun Saboo, Head-Equities at Anand Rathi Shares, favors aspirational and capex plays. He sees potential in the biosecure act and China plus one theme for pharma, and views the Adani correction as a buying opportunity. His top pick for 2025 is Eicher Motors. He’s cautious on the consumer staples sector due to market saturation.

Deven Choksey sees buying opportunities in corrected stocks like Reliance and NBFCs. He advises caution with defense stocks, citing high valuations. Choksey suggests waiting for lower prices before investing in defense companies. He notes the potential of Jio Financial Services but awaits concrete business activity. Choksey expresses concern about elevated valuations in the quick commerce sector, recommending a cautious approach.

Indian markets anticipate a strong resurgence. Businesses report excellent performance across sectors. Government’s spending is projected to rise. This positive outlook follows a short period of market consolidation. Experts cite strong fundamentals and increased domestic investment capacity leading to revival, which is expected across sectors, including capital expenditure and consumption.

Oil prices held steady following a ceasefire agreement between Israel and Hezbollah. OPEC+ considered delaying planned oil output increases. US crude stocks declined, while fuel inventories rose. A potential 25% tariff on Mexican and Canadian imports, including crude oil, was announced by then US President-elect Donald Trump. These factors influenced market dynamics.

Abha Power and Steel’s SME IPO opens today, seeking to raise Rs 38.5 crore. The offer price is Rs 75 per share, with the IPO closing on November 29. The company, based in Chhattisgarh, operates in the iron and steel foundry sector. Proceeds will fund facility upgrades and expansion.