In the midst of the slowdown in EVs, the brokerage sees an increase in sales and demand for Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEV)
The index has to hold above 15,750 to witness an up move towards 15,962 and then towards 16,200, while on the downside, key support levels are 15,600 and 15,500, said Chandan Taparia of Motilal Oswal Financial Services
Experts are of the view that FIIs have largely reduced stake to book profits as broader markets underperformed in the last two years and much of the allocation was into largecaps.
In an interview with CNBC-TV18's Anuj Singhal and Sonia Shenoy, Quantum Securities' Neeraj Deewan, AnandRathi's Devang Mehta and technical analyst Sudarshan Sukhani shared their outlook on the market and discussed stock and sector strategies.