Corporate banks, insurance, healthcare services, oil and gas, construction, engineering and logistics are among the key overweight sectors. When a global recession arrives, the Indian economy would suffer as well, both due to the direct economic impact but more so on account of the indirect linkage via financial markets. Karvy is of the view that the formation of a business-friendly government would help drive the next rally in equities. Our target for Nifty for December is 14,,.
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