Indian equity benchmarks retreated sharply on Monday, with the BSE Sensex falling more than 400 points and the Nifty 50 dropping approximately 115 points.
The decline followed a muted opening after the long weekend, as renewed geopolitical tensions dampened investor sentiment across the region.
Amid the broader market weakness, Vinay Rajani of HDFC Securities identified specific stocks with near-term upside potential.
Rajani suggested that shares of L&T Finance and Welspun Enterprises present buying opportunities, pointing to technical setups that favor accumulation despite the prevailing risk-off environment.
The sell-off underscores the sensitivity of Indian markets to external geopolitical shocks, which have recently disrupted global risk appetite.
While broad indices faced pressure, selective strength in financials and industrial names suggests investors are rotating into sectors perceived as resilient or technically oversold.