HDFC Securities strategist Vinay Rajani has identified GAIL and Adani Ports as top picks for near-term accumulation, citing technical strength and sector momentum.
The recommendations come as Indian benchmark indices, the Sensex and Nifty 50, are poised to open marginally higher on Tuesday, July 7, buoyed by overnight gains in US markets.
Rajani’s outlook focuses on infrastructure and energy-linked equities that have shown resilience amid broader market volatility.
GAIL, India’s leading natural gas processing and distribution company, and Adani Ports, a key logistics and port operator, are highlighted for their potential to outperform in the coming weeks.
The analyst’s stance reflects a shift toward defensive yet growth-oriented sectors as foreign investment flows remain supportive of domestic equities.
The broader market sentiment is being shaped by positive cues from Wall Street, where major indices closed higher on Monday.