Kotak sees rebound triggers as Dalal Street stays weak
In short
Kotak Institutional Equities said the market is still weak, but it sees three possible reasons stocks could rebound.
It pointed to peace talks on the Iran-US situation and better Q2 earnings. The report does not give index levels or say when the rebound may come.
What the reporting says
Kotak Institutional Equities highlighted selective stock value and three possible rebound triggers as Dalal Street faced a weak mood, according to the publisher summary. The brokerage pointed to peace talks around the Iran-US situation and favorable Q2 earnings, while saying geopolitical strife and crude oil swings are weighing on sentiment. The immediate consequence is a cautious market backdrop, but no index level or timing is given.
Why it matters
Kotak Institutional Equities flagged selective value in stocks while Dalal Street remained under pressure, citing geopolitical tensions and crude oil volatility. The broker said peace talks tied to the Iran-US situation and favorable Q2 earnings could help a rebound. The report does not specify which stocks were added to the portfolio or when the recovery might happen.