INSUBCONTINENT EXCLUSIVE:
Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index.The sustained boom in global tech spending, a revival of
local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India's stock market this
year.Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side
estimates compiled by Bloomberg
That's on top of the gauge's 138% rally from its March 2020 low, the best performance among the world's major equity markets for this
period.Despite some concerns about lofty valuations and a gradual unwinding of easy-money policies, India's benchmark is among those
leading gains in Asia so far in 2022 with an advance of more than 4%.Here are the top sector and stock picks, according to some leading
brokerages:TechnologyA gauge of the nation's top 10 software providers has more than tripled from its pandemic low, as the crisis spurred
transformation of the way the world does business
While India's leading IT companies are grappling with rising wages and higher attrition levels amid demand for talent, analysts say strong
and HCL Technologies Ltd.BanksFollowing a multi-year credit crisis exacerbated by the Covid-19 economic hit, analysts expect the worst has
Pankaj Pandey, head of research at ICICI Direct, wrote in a note
and Axis Bank Ltd.Real EstateThe pandemic triggered a correction in property prices in India even as the work-from-home trend helped boost
demand for house ownership
Nandurkar, head of research at Jefferies India Pvt., told Bloomberg Television last week
Ltd., Sunteck Realty Ltd., Phoenix Mills Ltd
and Prestige Estates Projects Ltd.PharmaceuticalsThe health-care sector is expected to remain in focus as the world continues to deal with
Cipla Ltd., Sun Pharmaceutical Industries Ltd
and Aster DM Healthcare Ltd.Brokerages surveyed for top picks across the different sectors include: Nomura, Jefferies, Yes Securities, Kotak
Securities, HDFC Securities and ICICI Direct.
