Ganesh Dongre, market strategist at Anand Rathi, has identified three equities for potential accumulation ahead of Monday’s trading session.
The recommendations arrive as Indian benchmark indices staged a sharp rebound on Friday, July 10, recovering significant ground from recent losses.
The rally was driven by strong buying interest in financial stocks and IT heavyweight Tata Consultancy Services (TCS), signaling a shift in sentiment despite ongoing Middle East tensions.
The fresh stock picks reflect a tactical approach to the current market regime, where domestic equities are attempting to decouple from broader geopolitical risk premiums.
Dongre’s selection focuses on names that have shown resilience or offer entry points following the recent volatility.
This comes as investors navigate a complex landscape where energy market fluctuations and regional conflicts continue to influence global risk appetite.
While the broader market sentiment has cooled slightly with oil prices stabilizing near pre-conflict levels, Indian markets have shown relative strength.
The rebound in financials and IT suggests that domestic factors are beginning to outweigh external headwinds for certain sectors.