New Year Stock Picks: Religare Broking lists Asian Paints, Eicher Motors among 5 top picks for 2024

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Also Read: Smallcaps in Review | From BSE to Angel One, here are the top 10 smallcap gainers of 2023; check full list Healthy inflow from domestic institutional investors (DII) and foreign institutional investors (FII) brought back confidence in the market. Consequently, the key domestic benchmarks Sensex and Nifty 50 continued reaching multiple records and gained nearly 20-22 per cent in the last one year.

‘’We are entering the year of 2024, with the index at record high, along with optimistic sentiments such as moderating inflation, steady interest rates, economic growth picking up as well as healthy inflow from FII & DII continues to be the net buyers, keeping the sentiments positive for the Indian markets,'' said Religare Broking. The brokerage added that there is high anticipation that the Indian economy will continue to emerge as the fastest growing economies as compared to others because of its resilient performance in the past as compared to global challenges, steady policy action, robust demand environment and continuous investment towards infrastructure and boosting economic growth.

Also Read: Year 2023 | From $82 to near $100 and back: How Brent crude moved in 2023 over OPEC+ cuts and more ‘’Meanwhile, we expect domestic markets to be highly volatile so investors as well as participants are advised to keep their focus on specific sectors and stocks into mid to large-cap space,'' said the brokerage. In the current market scenario, Religare Broking has released its top five New Year stock picks for 2024.

The brokerage has selected quality stocks on technical as well as fundamental parameters. Let's take a look at the top five technical and fundamental stocks for New Year by brokerage Religare Broking: In a