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Sanjiv Bhasin on what should investors do with OMC stocks
US yields and Indian midcaps are experiencing a shift in the market. There are now three rate cuts, softening yields, and a potential correction in the PSU basket. PSUs have seen under ownership and outperformance, but there is extreme overbought conditions. In terms of earnings, Ashok Leyland and Bharti Airtel have shown strong numbers, while some agrochem and specialty players are in an accumulation zone.