Axis Securities has turned increasingly bullish on Indian equities, noting a robust 1,100-point rally in the Nifty 50 during October 2025. In its latest Top Picks report for November, the brokerage attributes the sharp upmove to better-than-expected earnings, an early sign of consumption pick-up, and improving investor sentiment. Advertisement

Against this backdrop, Axis Securities continues to favour domestically focused themes, reiterating its strategy of investing in Growth at a Reasonable Price (GARP) and quality stocks. The brokerage maintains an overweight stance on BFSI, telecom, consumption, and hospitals, while recommending a cautious stance on export-oriented sector due to tariff overhang.

The brokerage has retained its March 2026 Nifty target at 25,500, valuing the index at 2

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