Indian equity markets are tracking lower global benchmarks, extending a selloff driven by escalating geopolitical tensions between the US and Iran and a sharp surge in crude oil prices.
The negative sentiment has spread across the region, with the Gift Nifty indicating continued downward pressure ahead of the domestic session open.
The market move reflects growing investor caution as energy costs rise and geopolitical uncertainty deepens.
While broad indices face headwinds, Motilal Oswal head of equity research Chandan Taparia has identified selective opportunities within the downturn.
In a note to clients, Taparia recommended buying shares of Manappuram Finance, Eicher Motors, and Sun Pharmaceutical Industries, citing their resilience amid the broader market weakness.
This latest round of recommendations follows a series of stock picks from Taparia in recent weeks, including buy calls on State Bank of India, Bharat Forge, and Sona BLW Precision Forgings.