Indian equities closed higher on Friday, with the Nifty 50 extending its winning streak to eight straight sessions. Softer U.S. labour market data eased worries stemming from a hotter-than-expected inflation print, reinforcing hopes that the Federal Reserve may soon start cutting interest rates.
Adding to the positive mood were indications of progress towards reviving U.S.-India trade relations, which further buoyed investor sentiment. With this, domestic brokerage firm Motilal Oswal has picked its top 5 bets on a fundamental basis for a horizon of 1 year, with an upside potential of up to 23% from their Thursday’s closing price: