Gains for big guns: 10 stocks from 5 sectors to stay on Ferris wheel

India's equity markets are on a roller-coaster ride, but brokerages see further upside for stocks that delivered more than 50 per cent returns to investors

India’s equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years — in 2020 and 2021.

The benchmark National Stock Exchange’s (NSE’s) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India.

The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in