Two sets of data released on Thursday showed a sharp spike in retail inflation and a worse-than-expected contraction in industrial production. It is in this light, markets opened lower with the Nifty limping tad lower around the 6,200 levels in morning deals.
Now, the possibility of a third interest rate increase in four months looms larger than ever as the country's battle with inflation and weak economic growth just got more challenging.
So with the macro woes making a comeback, which are the stocks that one can possibly buy or hold on to, to tide this downward trend.
Mudit Goyal, technical analyst at SMC Global lists out some stocks from the frontline and the broader markets where one can go long. Also, check out what he has to say on the levels to watch out for on the Nifty in the near term.
