As Indian stocks soar to record levels, experts favor domestic-focused sectors due to robust GDP growth and political stability post-state election results. Sectors like banking, real estate, and cement are expected to shine.
Top picks include ICICI Bank, ITC, and Bajaj Finance, with attention on midcaps like Indian Hotels and Ashok Leyland. The pharma sector remains positive, while short-term FMCG underperformance is anticipated.
Foreign investments (FPI) have surged, driven by confidence in India's growth story. Overall, the market is underestimating India's GDP growth potential, according to experts.